Kaiser Aluminum Corp. (KALU) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $1.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.24. Analysts had a consensus of $1.27. The company posted revenue of $343.20 million in the period, compared to analysts expectations of $347.15 million. The company’s revenue was down -7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.
Many Wall Street Analysts have commented on Kaiser Aluminum Corp.. Kaiser Aluminum Corp. was Initiated by Credit Suisse to “Neutral” on Mar 11, 2016. Company shares were Upgraded by Deutsche Bank on Mar 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $85 .Shares were Reiterated by Cowen on Feb 18, 2016 to “Outperform” and Lowered the Price Target to $ 86 from a previous price target of $88 .
Kaiser Aluminum Corp. closed down -0.26 points or -0.30% at $86.22 with 1,71,909 shares getting traded on Monday. Post opening the session at $86.62, the shares hit an intraday low of $85.95 and an intraday high of $87.67 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Sep 17, 2015, John Malcolm Donnan (EVP – Legal, Compliance & HR) sold 1,500 shares at $81.88 per share price. According to the SEC, on Aug 7, 2015, Jack Quinn (director) sold 1,384 shares at $85.52 per share price. On Aug 5, 2015, Jack A Hockema (President & CEO) sold 5,000 shares at $84.44 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.