Kaiser Aluminum (KALU) Set to Announce Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALU) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.94. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The firm had revenue of $722.00 million during the quarter, compared to analyst estimates of $716.01 million. During the same period last year, the company posted ($1.66) EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. 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 Price Performance

Shares of NASDAQ:KALU opened at $89.82 on Tuesday. Kaiser Aluminum has a one year low of $53.67 and a one year high of $95.56. The stock has a fifty day moving average of $79.99 and a 200-day moving average of $69.46. The company has a market capitalization of $1.44 billion, a PE ratio of 30.76 and a beta of 1.37. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.39 and a current ratio of 2.68.

Kaiser Aluminum Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, April 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.43%. Kaiser Aluminum’s payout ratio is currently 105.48%.

Wall Street Analyst Weigh In

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

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.