Kaiser Aluminum (NASDAQ:KALU – Get Free Report) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.16), Briefing.com reports. The business had revenue of $748.00 million during the quarter, compared to the consensus estimate of $793.30 million. Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS.
Kaiser Aluminum Price Performance
Shares of KALU opened at $67.31 on Friday. The firm has a market cap of $1.08 billion, a PE ratio of 19.57 and a beta of 1.33. Kaiser Aluminum has a 52-week low of $53.67 and a 52-week high of $102.42. The business’s 50 day moving average price is $71.17 and its two-hundred day moving average price is $83.09. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 2.55.
Kaiser Aluminum Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, October 25th. This represents a $3.08 annualized dividend and a yield of 4.58%. Kaiser Aluminum’s dividend payout ratio is currently 89.53%.
Insider Transactions at Kaiser Aluminum
Wall Street Analysts Forecast Growth
Separately, Benchmark lifted their price objective on Kaiser Aluminum from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 12th.
Get Our Latest Stock Analysis on KALU
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.
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