Kaiser Aluminum (KALU) to Release Quarterly Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALU) will be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect Kaiser Aluminum to post earnings of $0.94 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.44. The business had revenue of $738.00 million during the quarter, compared to analyst estimates of $733.34 million. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. Kaiser Aluminum’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. On average, analysts expect Kaiser Aluminum to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kaiser Aluminum Trading Up 2.7 %

Kaiser Aluminum stock opened at $95.42 on Tuesday. Kaiser Aluminum has a one year low of $53.67 and a one year high of $102.42. The company’s fifty day moving average price is $93.11 and its two-hundred day moving average price is $83.23. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 27.74 and a beta of 1.35. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.43.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, July 25th. Kaiser Aluminum’s dividend payout ratio is 89.53%.

Analysts Set New Price Targets

KALU has been the subject of a number of analyst reports. Benchmark boosted their price objective on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th.

Kaiser Aluminum Company Profile

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.