Kaiser Aluminum (KALU) Posts Earnings Results, Beats Estimates By $0.07 EPS
Kaiser Aluminum (NASDAQ:KALU) posted its quarterly earnings data on Wednesday. The industrial products company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.07, Bloomberg Earnings reports. The business had revenue of $353.00 million for the quarter, compared to analyst estimates of $348.95 million. Kaiser Aluminum had a net margin of 6.18% and a return on equity of 11.45%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $1.27 earnings per share.
Kaiser Aluminum (NASDAQ KALU) opened at $108.19 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.75 and a quick ratio of 2.55. The stock has a market cap of $1,787.41, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.10 and a beta of 0.56. Kaiser Aluminum has a 12-month low of $74.56 and a 12-month high of $116.86.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 26th were given a $0.55 dividend. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, January 25th. This represents a $2.20 annualized dividend and a yield of 2.03%. Kaiser Aluminum’s payout ratio is 45.45%.
About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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