Kaiser Aluminum (NASDAQ:KALU – Get Free Report) released its earnings results on Thursday. The industrial products company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.44, RTT News reports. The company had revenue of $738.00 million during the quarter, compared to analysts’ expectations of $733.34 million. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. Kaiser Aluminum’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS.
Kaiser Aluminum Price Performance
KALU traded up $6.43 on Friday, hitting $94.92. 470,638 shares of the company’s stock were exchanged, compared to its average volume of 169,119. Kaiser Aluminum has a fifty-two week low of $53.67 and a fifty-two week high of $95.56. The company has a current ratio of 2.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average price of $82.07 and a 200-day moving average price of $70.05. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 27.59 and a beta of 1.38.
Kaiser Aluminum Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $3.08 annualized dividend and a yield of 3.24%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 89.53%.
Wall Street Analysts Forecast Growth
View Our Latest Report on Kaiser Aluminum
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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