Kaiser Aluminum (NASDAQ:KALU) Posts Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) released its quarterly earnings data on Wednesday. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30), RTT News reports. The firm had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.26%. During the same quarter in the prior year, the firm posted $0.60 earnings per share.

Kaiser Aluminum Price Performance

NASDAQ:KALU traded down $2.98 during trading hours on Friday, reaching $71.86. The company had a trading volume of 118,172 shares, compared to its average volume of 96,140. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average of $71.39 and a two-hundred day moving average of $73.33. Kaiser Aluminum has a one year low of $62.83 and a one year high of $102.42. The firm has a market capitalization of $1.16 billion, a PE ratio of 25.04 and a beta of 1.34.

Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 4.29%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 107.32%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Kaiser Aluminum from a "hold" rating to a "sell" rating in a report on Friday.

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.