Kaiser Aluminum to post FY2017 earnings of $5.55 per share

Research analysts at KeyBanc issued their FY2017 earnings per share estimates for shares of Kaiser Aluminum Corp. in a research report issued on Monday. KeyBanc analyst P. Gibbs expects that the firm will earn $5.55 per share for the year. The consensus estimate for Kaiser Aluminum Corp.’s FY2017 earnings is $5.75 per share.

Kaiser Aluminum Corp. last posted its quarterly earnings results on Tuesday, February 16th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $1.09 by $0.49. The firm earned $317 million during the quarter, compared to analyst estimates of $329.07 million. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS.

A number of other research analysts have also issued reports on KALU. Zacks Investment Research raised Kaiser Aluminum Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, February 2nd. Cowen and Company dropped their target price on Kaiser Aluminum Corp. from $88.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, February 18th. Finally, Deutsche Bank raised Kaiser Aluminum Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $85.00 to $90.00 in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Kaiser Aluminum Corp. presently has an average rating of “Buy” and an average target price of $88.25.

Kaiser Aluminum traded down 0.35 per cent on Thursday, hitting $80.46. The stock had a trading volume of 211,504 shares. Kaiser Aluminum Corp. has a one year low of $70.14 and a one year high of $88.92. The stock’s market cap is $1.44 billion. The stock’s 50 day moving average is $76.28 and its 200 day moving average is $81.16.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Monday, January 25th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.24 per cent. This is a boost from Kaiser Aluminum Corp.’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, January 21st.

In related news, Director Brett Wilcox sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $77.80, for a total transaction of $778,000.00. Following the transaction, the director now owns 15,944 shares of the company’s stock, valued at $1,240,443.20. The sale was disclosed in a filing with the Securities & Exchange Commission.