Equities research analysts expect Kaiser Aluminum Corporation (NASDAQ:KALU) to announce earnings per share of $1.11 for the current quarter, according to Zacks. Three analysts have made estimates for Kaiser Aluminum Corporation’s earnings, with the highest EPS estimate coming in at $1.34 and the lowest estimate coming in at $1.00. Kaiser Aluminum Corporation reported earnings per share of $1.02 during the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 18th.
On average, analysts expect that Kaiser Aluminum Corporation will report full-year earnings of $5.45 per share for the current year, with EPS estimates ranging from $5.23 to $6.00. For the next year, analysts expect that the firm will post earnings of $5.86 per share, with EPS estimates ranging from $5.57 to $6.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Kaiser Aluminum Corporation.
Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The firm had revenue of $356.00 million during the quarter, compared to analyst estimates of $349.62 million. During the same quarter in the prior year, the company earned $1.02 EPS. The business’s revenue was up 6.3% compared to the same quarter last year.
A number of research firms have weighed in on KALU. BidaskClub upgraded Kaiser Aluminum Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Morgan Stanley restated an “equal weight” rating and set a $87.00 target price (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a report on Tuesday, July 25th. Cowen and Company lowered Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $96.00 to $97.00 in a report on Monday, August 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a report on Friday, July 28th. Finally, Bank of America Corporation upped their target price on Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the stock an “underperform” rating in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $95.57.
In other news, VP Del L. Miller sold 1,282 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $96.81, for a total transaction of $124,110.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carolyn Bartholomew sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $99.00, for a total value of $99,000.00. Following the transaction, the director now directly owns 13,344 shares in the company, valued at $1,321,056. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,714 shares of company stock valued at $2,036,826. 3.00% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Kaiser Aluminum Corporation by 12.0% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,456 shares of the industrial products company’s stock worth $3,792,000 after purchasing an additional 5,074 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Kaiser Aluminum Corporation by 13.0% during the first quarter. Prudential Financial Inc. now owns 35,319 shares of the industrial products company’s stock worth $2,822,000 after purchasing an additional 4,060 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Kaiser Aluminum Corporation by 8.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 121,074 shares of the industrial products company’s stock worth $9,674,000 after purchasing an additional 9,731 shares in the last quarter. Keybank National Association OH acquired a new position in shares of Kaiser Aluminum Corporation during the first quarter worth $1,042,000. Finally, Victory Capital Management Inc. increased its position in shares of Kaiser Aluminum Corporation by 36,359.9% during the first quarter. Victory Capital Management Inc. now owns 498,407 shares of the industrial products company’s stock worth $39,823,000 after purchasing an additional 497,040 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.
Kaiser Aluminum Corporation (NASDAQ KALU) traded up 0.46% on Thursday, reaching $96.37. The company had a trading volume of 269,662 shares. The stock’s 50-day moving average is $96.36 and its 200-day moving average is $86.88. The company has a market capitalization of $1.62 billion, a P/E ratio of 21.17 and a beta of 0.54. Kaiser Aluminum Corporation has a 52 week low of $69.41 and a 52 week high of $99.70.
Kaiser Aluminum Corporation Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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