Kaiser Aluminum Corp. (NASDAQ:KALU) Expected to Post Quarterly Sales of $393.64 Million
Equities analysts forecast that Kaiser Aluminum Corp. (NASDAQ:KALU) will report $393.64 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Kaiser Aluminum’s earnings, with estimates ranging from $387.00 million to $399.74 million. Kaiser Aluminum posted sales of $415.40 million during the same quarter last year, which suggests a negative year over year growth rate of 5.2%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that Kaiser Aluminum will report full year sales of $1.60 billion for the current year, with estimates ranging from $1.56 billion to $1.64 billion. For the next financial year, analysts forecast that the firm will post sales of $1.69 billion, with estimates ranging from $1.60 billion to $1.77 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $395.00 million during the quarter, compared to the consensus estimate of $404.04 million. Kaiser Aluminum had a return on equity of 14.91% and a net margin of 5.90%. Kaiser Aluminum’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share.
KALU traded down $0.26 during trading on Thursday, reaching $91.84. The company had a trading volume of 8,646 shares, compared to its average volume of 121,067. The company has a market capitalization of $1.50 billion, a PE ratio of 14.22 and a beta of 1.03. The business’s 50 day moving average is $93.69. Kaiser Aluminum has a 52 week low of $83.29 and a 52 week high of $119.66. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.50.
In other news, CFO Neal E. West sold 750 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $100.00, for a total transaction of $75,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Keith Harvey sold 1,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $97.88, for a total value of $97,880.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,050 shares of company stock valued at $1,083,105. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in KALU. Norges Bank purchased a new position in shares of Kaiser Aluminum during the fourth quarter valued at $28,875,000. WINTON GROUP Ltd increased its stake in shares of Kaiser Aluminum by 567.2% during the second quarter. WINTON GROUP Ltd now owns 66,138 shares of the industrial products company’s stock valued at $6,456,000 after buying an additional 56,225 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Kaiser Aluminum during the fourth quarter valued at $3,614,000. Granite Investment Partners LLC increased its stake in shares of Kaiser Aluminum by 16.8% during the first quarter. Granite Investment Partners LLC now owns 158,456 shares of the industrial products company’s stock valued at $16,595,000 after buying an additional 22,743 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Kaiser Aluminum by 61.2% during the fourth quarter. Deutsche Bank AG now owns 54,754 shares of the industrial products company’s stock valued at $4,887,000 after buying an additional 20,787 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.
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.
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