Kaiser Aluminum Corp. (NASDAQ:KALU) Expected to Post Quarterly Sales of $396.32 Million
Analysts predict that Kaiser Aluminum Corp. (NASDAQ:KALU) will announce sales of $396.32 million for the current quarter, Zacks reports. Three analysts have provided estimates for Kaiser Aluminum’s earnings, with the highest sales estimate coming in at $414.00 million and the lowest estimate coming in at $385.20 million. Kaiser Aluminum reported sales of $393.10 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.8%. The business is scheduled to report its next quarterly earnings results on Wednesday, October 16th.
On average, analysts expect that Kaiser Aluminum will report full-year sales of $1.57 billion for the current financial year, with estimates ranging from $1.55 billion to $1.61 billion. For the next year, analysts expect that the company will post sales of $1.66 billion, with estimates ranging from $1.58 billion to $1.74 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. Kaiser Aluminum had a net margin of 5.96% and a return on equity of 14.23%. The company had revenue of $375.00 million during the quarter, compared to the consensus estimate of $388.25 million. During the same period in the previous year, the firm earned $1.68 earnings per share. Kaiser Aluminum’s revenue for the quarter was down 9.6% on a year-over-year basis.
KALU traded up $0.63 during trading on Tuesday, hitting $100.29. 2,593 shares of the company’s stock were exchanged, compared to its average volume of 95,216. The company has a current ratio of 3.63, a quick ratio of 2.34 and a debt-to-equity ratio of 0.53. Kaiser Aluminum has a 1 year low of $83.29 and a 1 year high of $114.99. The stock has a 50 day moving average price of $92.11 and a 200 day moving average price of $97.41. The firm has a market cap of $1.58 billion, a P/E ratio of 15.49 and a beta of 1.07.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, July 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.39%. Kaiser Aluminum’s payout ratio is currently 37.09%.
In other news, EVP John Malcolm Donnan sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $100.00, for a total transaction of $500,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Keith Harvey sold 500 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $95.00, for a total transaction of $47,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,550 shares of company stock worth $2,380,691. Corporate insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Interstate Bank raised its holdings in Kaiser Aluminum by 18.9% in the second quarter. First Interstate Bank now owns 1,445 shares of the industrial products company’s stock valued at $141,000 after acquiring an additional 230 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Kaiser Aluminum in the first quarter valued at $249,000. ARK Investment Management LLC acquired a new stake in Kaiser Aluminum in the second quarter valued at $352,000. BNP Paribas Arbitrage SA raised its holdings in Kaiser Aluminum by 881.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,729 shares of the industrial products company’s stock valued at $391,000 after acquiring an additional 3,349 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in Kaiser Aluminum in the second quarter valued at $368,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.
About Kaiser Aluminum
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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