Kaiser Aluminum (NASDAQ:KALU) Releases Earnings Results, Beats Estimates By $0.44 EPS

Kaiser Aluminum (NASDAQ:KALU) issued its earnings results on Thursday. The industrial products company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.44, RTT News reports. The company had revenue of $738.00 million during the quarter, compared to the consensus estimate of $733.34 million. Kaiser Aluminum had a return on equity of 8.40% and a net margin of 1.85%. Kaiser Aluminum’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU traded up $6.43 during mid-day trading on Friday, reaching $94.92. 470,638 shares of the company traded hands, compared to its average volume of 169,119. Kaiser Aluminum has a fifty-two week low of $53.67 and a fifty-two week high of $95.56. The firm has a market cap of $1.52 billion, a PE ratio of 27.59 and a beta of 1.38. The stock has a fifty day simple moving average of $82.07 and a 200-day simple moving average of $70.05. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.39.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 25th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 89.53%.

Wall Street Analyst Weigh In

KALU has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Benchmark restated a “buy” rating and issued a $84.00 price target on shares of Kaiser Aluminum in a research note on Friday, April 19th. Finally, UBS Group initiated coverage on Kaiser Aluminum in a research report on Tuesday, January 16th. They set a “neutral” rating and a $67.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $77.00.

About Kaiser Aluminum

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.