Kaiser Aluminum (KALU) Expected to Announce Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALU) is expected to issue its quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.42 per share and revenue of $788.00 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The company had revenue of $765.40 million during the quarter, compared to analysts’ expectations of $752.00 million. During the same quarter in the previous year, the company earned $0.60 EPS. On average, analysts expect Kaiser Aluminum to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kaiser Aluminum Trading Down 1.1 %

Kaiser Aluminum stock opened at $53.86 on Monday. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $102.42. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The business’s fifty day simple moving average is $64.14 and its two-hundred day simple moving average is $71.04. The company has a market capitalization of $867.15 million, a price-to-earnings ratio of 18.77 and a beta of 1.32.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum’s payout ratio is 107.32%.

Analysts Set New Price Targets

Several research analysts have issued reports on KALU shares. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th. StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday.

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.