Kaiser Aluminum (NASDAQ:KALU – Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.44, RTT News reports. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The firm had revenue of $738.00 million for the quarter, compared to analysts’ expectations of $733.34 million. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year.
Kaiser Aluminum Price Performance
KALU stock traded down $2.30 during mid-day trading on Wednesday, hitting $87.33. The company had a trading volume of 204,532 shares, compared to its average volume of 139,289. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 29.91 and a beta of 1.38. Kaiser Aluminum has a 12-month low of $53.67 and a 12-month high of $95.56. The company has a quick ratio of 1.39, a current ratio of 2.68 and a debt-to-equity ratio of 1.72. The company has a 50-day moving average price of $80.56 and a 200 day moving average price of $69.61.
Kaiser Aluminum Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.53%. The ex-dividend date is Wednesday, April 24th. Kaiser Aluminum’s payout ratio is currently 105.48%.
Wall Street Analyst Weigh In
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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.
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