Somewhat Favorable News Coverage Somewhat Unlikely to Affect Kaiser Aluminum (NASDAQ:KALU) Share Price

Media coverage about Kaiser Aluminum (NASDAQ:KALU) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kaiser Aluminum earned a news impact score of 0.20 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.5017048520998 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

NASDAQ KALU traded down $2.36 during trading hours on Friday, hitting $101.29. 71,663 shares of the stock were exchanged, compared to its average volume of 119,377. The stock has a market capitalization of $1,676.95, a P/E ratio of 20.10, a P/E/G ratio of 1.03 and a beta of 0.61. Kaiser Aluminum has a 12-month low of $76.73 and a 12-month high of $116.86. The company has a quick ratio of 2.59, a current ratio of 3.79 and a debt-to-equity ratio of 0.50.

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Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share (EPS) 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 company had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $348.95 million. During the same period last year, the business posted $1.27 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. equities research analysts expect that Kaiser Aluminum will post 6.46 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $102.00 target price (up from $95.00) on shares of Kaiser Aluminum in a report on Friday, February 23rd. TheStreet cut shares of Kaiser Aluminum from a “b-” rating to a “c+” rating in a report on Tuesday, March 27th. Zacks Investment Research cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. BidaskClub raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Cowen reaffirmed a “hold” rating and issued a $107.00 target price on shares of Kaiser Aluminum in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $103.71.

In other Kaiser Aluminum news, Director Alfred E. Osborne, Jr. sold 1,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $104.40, for a total value of $104,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack A. Hockema sold 9,000 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $104.01, for a total transaction of $936,090.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,391 shares of company stock valued at $2,474,402. 3.00% of the stock is currently owned by corporate insiders.

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Kaiser Aluminum Company Profile

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.

Insider Buying and Selling by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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