Kaiser Aluminum Corporation (NASDAQ:KALU) – Seaport Global Securities increased their Q1 2018 earnings per share estimates for Kaiser Aluminum Corporation in a research note issued on Thursday. Seaport Global Securities analyst J. Sullivan now expects that the industrial products company will post earnings of $1.41 per share for the quarter, up from their prior estimate of $1.38. Seaport Global Securities also issued estimates for Kaiser Aluminum Corporation’s Q3 2018 earnings at $1.42 EPS and FY2018 earnings at $5.82 EPS.
Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The company had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $349.62 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was first reported by BBNS and is owned by of BBNS. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://baseballnewssource.com/markets/q1-2018-eps-estimates-for-kaiser-aluminum-corporation-kalu-increased-by-analyst/1697424.html.
KALU has been the subject of several other research reports. Zacks Investment Research upgraded Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub upgraded Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Bank of America Corporation raised their price objective on Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an “underperform” rating in a report on Friday, July 21st. Deutsche Bank AG restated a “buy” rating on shares of Kaiser Aluminum Corporation in a report on Saturday, June 24th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $97.00.
Shares of Kaiser Aluminum Corporation (KALU) opened at 106.17 on Friday. Kaiser Aluminum Corporation has a 12 month low of $69.41 and a 12 month high of $106.43. The firm has a market cap of $1.79 billion, a PE ratio of 23.32 and a beta of 0.54. The firm has a 50 day moving average price of $99.44 and a 200-day moving average price of $89.55.
In related news, VP Del L. Miller sold 817 shares of Kaiser Aluminum Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $97.07, for a total transaction of $79,306.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack A. Hockema sold 9,000 shares of Kaiser Aluminum Corporation stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $91.18, for a total value of $820,620.00. The disclosure for this sale can be found here. Insiders sold a total of 36,696 shares of company stock valued at $3,574,969 in the last 90 days. 3.00% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. grew its holdings in Kaiser Aluminum Corporation by 13.0% during the first quarter. Prudential Financial Inc. now owns 35,319 shares of the industrial products company’s stock worth $2,822,000 after purchasing an additional 4,060 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Kaiser Aluminum Corporation by 8.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 121,074 shares of the industrial products company’s stock worth $9,674,000 after purchasing an additional 9,731 shares during the period. BlackRock Inc. grew its holdings in Kaiser Aluminum Corporation by 12,449.4% during the first quarter. BlackRock Inc. now owns 2,174,693 shares of the industrial products company’s stock worth $173,757,000 after purchasing an additional 2,157,364 shares during the period. Summit Global Investments grew its holdings in Kaiser Aluminum Corporation by 29.5% during the second quarter. Summit Global Investments now owns 5,700 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 1,300 shares during the period. Finally, U S Global Investors Inc bought a new position in Kaiser Aluminum Corporation during the first quarter worth about $1,175,000. Institutional investors and hedge funds own 98.04% of the company’s stock.
Kaiser Aluminum Corporation Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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