Kaiser Aluminum (NASDAQ:KALU – Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.29), Briefing.com reports. Kaiser Aluminum had a net margin of 1.37% and a return on equity of 6.84%. The firm had revenue of $773.40 million during the quarter, compared to analyst estimates of $773.89 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. Kaiser Aluminum’s revenue for the quarter was down 5.0% compared to the same quarter last year.
Kaiser Aluminum Stock Performance
NASDAQ KALU traded down $0.30 during trading on Friday, reaching $77.76. The company’s stock had a trading volume of 257,705 shares, compared to its average volume of 154,717. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.43 and a current ratio of 2.55. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 22.60 and a beta of 1.35. Kaiser Aluminum has a twelve month low of $53.67 and a twelve month high of $102.42. The business’s fifty day moving average price is $92.00 and its 200-day moving average price is $83.56.
Kaiser Aluminum Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, July 25th. This represents a $3.08 annualized dividend and a yield of 3.96%. Kaiser Aluminum’s dividend payout ratio is currently 89.53%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Kaiser Aluminum
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.
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