Kaiser Aluminum (NASDAQ:KALU – Get Free Report) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16), Briefing.com reports. Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The business had revenue of $748.00 million during the quarter, compared to analysts’ expectations of $793.30 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis.
Kaiser Aluminum Stock Down 0.4 %
Shares of KALU opened at $67.31 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.55 and a quick ratio of 1.42. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 19.57 and a beta of 1.33. Kaiser Aluminum has a 1 year low of $53.67 and a 1 year high of $102.42. The business’s 50 day simple moving average is $71.17 and its 200-day simple moving average is $83.09.
Kaiser Aluminum Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, October 25th. Kaiser Aluminum’s dividend payout ratio is presently 89.53%.
Insider Activity at Kaiser Aluminum
Analyst Ratings Changes
Separately, Benchmark boosted their target price on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, July 12th.
View Our Latest Stock Analysis on KALU
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.
Further Reading
- Five stocks we like better than Kaiser Aluminum
- Best Stocks Under $5.00
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- The Downtrend in UPS Stock Isn’t Over Yet
Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.