Equities research analysts expect that Kaiser Aluminum (NASDAQ:KALU) will report sales of $393.60 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kaiser Aluminum’s earnings. The highest sales estimate is $408.30 million and the lowest is $374.20 million. Kaiser Aluminum reported sales of $355.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.8%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, April 25th.
On average, analysts expect that Kaiser Aluminum will report full year sales of $1.53 billion for the current fiscal year, with estimates ranging from $1.49 billion to $1.58 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.61 billion per share, with estimates ranging from $1.58 billion to $1.66 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.04). Kaiser Aluminum had a net margin of 3.25% and a return on equity of 11.35%. The firm had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $348.95 million. During the same quarter in the prior year, the firm posted $1.27 EPS. Kaiser Aluminum’s quarterly revenue was up 6.3% compared to the same quarter last year.
KALU has been the subject of a number of research reports. Zacks Investment Research upgraded Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Monday, December 25th. BidaskClub upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. Credit Suisse Group reiterated a “neutral” rating and issued a $102.00 price objective (up previously from $95.00) on shares of Kaiser Aluminum in a research note on Friday, February 23rd. Cowen reiterated a “hold” rating and issued a $107.00 price objective on shares of Kaiser Aluminum in a research note on Friday, February 23rd. Finally, Deutsche Bank reduced their price objective on Kaiser Aluminum from $107.00 to $103.00 and set a “hold” rating for the company in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Kaiser Aluminum has an average rating of “Hold” and an average price target of $103.71.
In other news, EVP John Malcolm Donnan sold 6,783 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $107.10, for a total value of $726,459.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Keith Harvey sold 6,608 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $107.06, for a total value of $707,452.48. The disclosure for this sale can be found here. In the last three months, insiders sold 23,391 shares of company stock worth $2,474,402. Corporate insiders own 3.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in KALU. Legal & General Group Plc grew its holdings in Kaiser Aluminum by 1.9% during the third quarter. Legal & General Group Plc now owns 33,836 shares of the industrial products company’s stock worth $3,489,000 after acquiring an additional 633 shares during the period. JPMorgan Chase & Co. grew its holdings in Kaiser Aluminum by 45.5% during the third quarter. JPMorgan Chase & Co. now owns 137,564 shares of the industrial products company’s stock worth $14,155,000 after acquiring an additional 42,993 shares during the period. Wells Fargo & Company MN grew its holdings in Kaiser Aluminum by 5.7% during the third quarter. Wells Fargo & Company MN now owns 73,123 shares of the industrial products company’s stock worth $7,542,000 after acquiring an additional 3,916 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Kaiser Aluminum by 5.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 133,081 shares of the industrial products company’s stock worth $13,726,000 after acquiring an additional 6,278 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Kaiser Aluminum by 13.4% during the third quarter. Allianz Asset Management GmbH now owns 29,339 shares of the industrial products company’s stock worth $3,026,000 after acquiring an additional 3,465 shares during the period.
NASDAQ KALU traded down $1.97 on Monday, reaching $105.59. The stock had a trading volume of 117,655 shares, compared to its average volume of 98,031. The company has a current ratio of 3.79, a quick ratio of 2.59 and a debt-to-equity ratio of 0.50. Kaiser Aluminum has a 12-month low of $78.22 and a 12-month high of $116.86. The stock has a market cap of $1,802.47, a P/E ratio of 20.74, a P/E/G ratio of 1.11 and a beta of 0.61.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Thursday, April 26th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, April 25th. Kaiser Aluminum’s payout ratio is currently 43.22%.
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About Kaiser Aluminum
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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