Media stories about Kaiser Aluminum (NASDAQ:KALU) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kaiser Aluminum earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.5876075007068 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research firms have recently issued reports on KALU. Zacks Investment Research cut Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Cowen Inc cut Kaiser Aluminum from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $96.00 to $97.00 in a research note on Monday, August 7th. They noted that the move was a valuation call. BidaskClub cut Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Morgan Stanley increased their price target on Kaiser Aluminum from $87.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 16th. Finally, Deutsche Bank AG set a $100.00 price target on Kaiser Aluminum and gave the stock a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $99.00.
Shares of Kaiser Aluminum (NASDAQ KALU) opened at $95.37 on Monday. The company has a quick ratio of 2.55, a current ratio of 3.75 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1,612.13, a price-to-earnings ratio of 18.48, a PEG ratio of 1.26 and a beta of 0.56. Kaiser Aluminum has a twelve month low of $74.56 and a twelve month high of $108.99.
Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.19). The firm had revenue of $332.80 million during the quarter, compared to analyst estimates of $335.37 million. Kaiser Aluminum had a net margin of 6.18% and a return on equity of 11.45%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS. analysts forecast that Kaiser Aluminum will post 5.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, October 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.10%. Kaiser Aluminum’s dividend payout ratio (DPR) is 41.32%.
In other news, CEO Jack A. Hockema sold 5,982 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $102.66, for a total value of $614,112.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Bartholomew sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $99.00, for a total value of $99,000.00. Following the completion of the sale, the director now owns 13,344 shares of the company’s stock, valued at approximately $1,321,056. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,982 shares of company stock valued at $1,736,622. Insiders own 3.00% of the company’s stock.
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About Kaiser Aluminum
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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