Kaiser Aluminum Corp. (KALU) Releases Earnings Results, Misses Expectations By $-0.23 EPS

Kaiser Aluminum Corp. (KALU) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. KALU reported $1.02 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $1.25. The company posted revenue of $321.00 million in the period, compared to analysts expectations of $333.46 million. KALU’s revenue was down -4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Many Wall Street Analysts have commented on Kaiser Aluminum Corp.. Seaport Global Securities Initiated Kaiser Aluminum Corp. on Sep 9, 2016 to “Buy”, Price Target of the shares are set at $100.Kaiser Aluminum Corp. was Initiated by Macquarie to “Outperform” on Sep 6, 2016.

Kaiser Aluminum Corp. closed down -0.52 points or -0.64% at $80.35 with 98,460 shares getting traded on Friday. Post opening the session at $81.15, the shares hit an intraday low of $79.71 and an intraday high of $82.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Oct 14, 2016, Kaiser Aluminum Corp. announced a cash dividend of $0.4500. The company’s management has announced Oct 21, 2016 as the ex-dividend date and fixed the record date on Oct 25, 2016. The payable date has been fixed on Nov 15, 2016.

In a different news, on May 6, 2016, Daniel J Rinkenberger (EVP & CFO) sold 803 shares at $90.05 per share price. According to the SEC, on May 6, 2016, John Malcolm Donnan (EVP – Legal, Compliance & HR) sold 5,915 shares at $89.93 per share price. On May 6, 2016, Melinda C Ellsworth (VP IR & Corp. Communications) sold 1,100 shares at $91.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures rolled extruded and drawn aluminum products to serve fits end market applications such as aerospace and high strength products (Aero/HS products) extrusions for automotive applications (Automotive Extrusions) general engineering products (GE products) and other industrial products (Other products). The Company operates around 11 production facilities in the United States and one in Canada. Its Fabricated Products segment produces rolled extruded and drawn aluminum products for aerospace and defense automotive consumer durables electronics electrical and machinery and equipment applications. Its Aero/HS products include heat treat plate and sheet as well as cold finish rod and bar seamless drawn tube hard alloy extrusions and billet that are manufactured for the global aerospace and defense industries.

Kaiser Aluminum Corp.

Leave a Reply

Kaiser Aluminum Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Kaiser Aluminum Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.