Kaiser Aluminum (NASDAQ:KALU – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.29), Briefing.com reports. The company had revenue of $773.40 million for the quarter, compared to analysts’ expectations of $773.89 million. Kaiser Aluminum had a return on equity of 6.86% and a net margin of 1.37%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS.
Kaiser Aluminum Price Performance
Shares of NASDAQ:KALU traded down $0.30 during midday trading on Friday, hitting $77.76. The company had a trading volume of 257,705 shares, compared to its average volume of 146,634. Kaiser Aluminum has a twelve month low of $53.67 and a twelve month high of $102.42. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 22.69 and a beta of 1.35. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.43. The business’s 50-day simple moving average is $92.46 and its 200-day simple moving average is $83.48.
Kaiser Aluminum Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Thursday, July 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is 89.53%.
Wall Street Analysts Forecast Growth
Check Out 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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