Kaiser Aluminum (NASDAQ:KALU) Posts Earnings Results, Misses Expectations By $0.16 EPS

Kaiser Aluminum (NASDAQ:KALU) announced its earnings results on Wednesday. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $793.30 million. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $68.34 on Friday. The company has a fifty day moving average price of $71.15 and a two-hundred day moving average price of $82.92. 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 cap of $1.10 billion, a P/E ratio of 27.45 and a beta of 1.33. Kaiser Aluminum has a one year low of $53.67 and a one year high of $102.42.

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 given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.51%. The ex-dividend date is Friday, October 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 123.69%.

Insider Activity at Kaiser Aluminum

In other news, CEO Keith Harvey purchased 2,588 shares of the stock in a transaction on Monday, July 29th. The stock was purchased at an average price of $77.23 per share, for a total transaction of $199,871.24. Following the acquisition, the chief executive officer now owns 103,550 shares in the company, valued at $7,997,166.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark raised their price objective on Kaiser Aluminum from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 12th.

Kaiser Aluminum Company Profile

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.