Analysts Expect Kaiser Aluminum Corp. (NASDAQ:KALU) Will Announce Earnings of $1.93 Per Share

Equities analysts expect Kaiser Aluminum Corp. (NASDAQ:KALU) to announce earnings per share (EPS) of $1.93 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Kaiser Aluminum’s earnings, with the highest EPS estimate coming in at $2.20 and the lowest estimate coming in at $1.69. Kaiser Aluminum posted earnings per share of $1.43 in the same quarter last year, which suggests a positive year over year growth rate of 35%. The firm is expected to issue its next earnings report on Wednesday, October 16th.

According to Zacks, analysts expect that Kaiser Aluminum will report full-year earnings of $7.20 per share for the current fiscal year, with EPS estimates ranging from $6.88 to $7.50. For the next year, analysts expect that the business will report earnings of $7.82 per share, with EPS estimates ranging from $7.55 to $8.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Kaiser Aluminum.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, July 24th. The industrial products company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Kaiser Aluminum had a net margin of 5.96% and a return on equity of 14.23%. The firm had revenue of $375.00 million during the quarter, compared to analyst estimates of $388.25 million. During the same quarter in the previous year, the business earned $1.68 EPS. The business’s quarterly revenue was down 9.6% compared to the same quarter last year.

KALU has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Tuesday. ValuEngine cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Goldman Sachs Group raised shares of Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 target price on the stock in a report on Thursday, August 8th. Finally, BidaskClub downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $107.33.

In other Kaiser Aluminum news, Director Carolyn Bartholomew sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the sale, the director now directly owns 14,530 shares in the company, valued at $1,380,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Melinda C. Ellsworth sold 600 shares of Kaiser Aluminum stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $96.00, for a total transaction of $57,600.00. The disclosure for this sale can be found here. Insiders have sold 24,050 shares of company stock valued at $2,333,191 in the last ninety days. Insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Kaiser Aluminum during the 4th quarter valued at $28,875,000. Geode Capital Management LLC grew its position in shares of Kaiser Aluminum by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 186,526 shares of the industrial products company’s stock worth $16,654,000 after buying an additional 10,047 shares during the period. Deutsche Bank AG grew its position in Kaiser Aluminum by 61.2% during the 4th quarter. Deutsche Bank AG now owns 54,754 shares of the industrial products company’s stock valued at $4,887,000 after purchasing an additional 20,787 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Kaiser Aluminum during the 1st quarter valued at about $283,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Kaiser Aluminum by 24.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 10,350 shares of the industrial products company’s stock valued at $1,084,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

KALU traded down $3.73 during trading on Friday, reaching $86.18. 74,337 shares of the company’s stock were exchanged, compared to its average volume of 137,525. The company’s fifty day moving average price is $93.92 and its 200-day moving average price is $98.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.34 and a current ratio of 3.63. Kaiser Aluminum has a fifty-two week low of $83.29 and a fifty-two week high of $114.99. The firm has a market capitalization of $1.45 billion, a PE ratio of 13.32 and a beta of 1.05.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, July 24th. Kaiser Aluminum’s payout ratio is 37.09%.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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Earnings History and Estimates for Kaiser Aluminum (NASDAQ:KALU)

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