Kaiser Aluminum (KALU) to Release Quarterly Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Kaiser Aluminum to post earnings of $0.62 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.94. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The company had revenue of $722.00 million during the quarter, compared to analysts' expectations of $716.01 million. During the same period last year, the firm earned ($1.66) EPS. The firm's revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts expect Kaiser Aluminum to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kaiser Aluminum Stock Performance

Kaiser Aluminum stock traded down $0.51 during mid-day trading on Wednesday, reaching $89.96. 148,416 shares of the company were exchanged, compared to its average volume of 138,433. Kaiser Aluminum has a twelve month low of $53.67 and a twelve month high of $95.56. The firm's 50-day simple moving average is $77.98 and its two-hundred day simple moving average is $68.89. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.39 and a current ratio of 2.68. The firm has a market cap of $1.44 billion, a PE ratio of 30.98 and a beta of 1.38.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $3.08 dividend on an annualized basis and a yield of 3.42%. Kaiser Aluminum's payout ratio is 105.48%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KALU. JPMorgan Chase & Co. increased their price objective on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 10th. UBS Group started coverage on Kaiser Aluminum in a report on Tuesday, January 16th. They issued a "neutral" rating and a $67.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $77.00.

Institutional Trading of Kaiser Aluminum

Several hedge funds have recently modified their holdings of KALU. Price T Rowe Associates Inc. MD increased its stake in Kaiser Aluminum by 17.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,392 shares of the industrial products company's stock valued at $598,000 after purchasing an additional 1,231 shares in the last quarter. Barclays PLC increased its stake in Kaiser Aluminum by 191.4% in the 4th quarter. Barclays PLC now owns 26,649 shares of the industrial products company's stock valued at $1,898,000 after purchasing an additional 17,503 shares in the last quarter. Vanguard Group Inc. increased its stake in Kaiser Aluminum by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,887,751 shares of the industrial products company's stock valued at $134,389,000 after purchasing an additional 10,676 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Kaiser Aluminum during the fourth quarter worth $2,320,000. Finally, Voya Investment Management LLC increased its position in Kaiser Aluminum by 21.6% during the fourth quarter. Voya Investment Management LLC now owns 13,924 shares of the industrial products company's stock worth $991,000 after buying an additional 2,477 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.