Press coverage about Kaiser Aluminum Corporation (NASDAQ:KALU) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kaiser Aluminum Corporation earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.016367171345 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- John Malcolm Donnan Sells 5,115 Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) Stock (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Kaiser Aluminum Corp. (finance.yahoo.com)
- Edited Transcript of KALU earnings conference call or presentation 20-Jul-17 5:00pm GMT (finance.yahoo.com)
- Kaiser Aluminum Corporation (KALU) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
Shares of Kaiser Aluminum Corporation (KALU) traded up 0.52% during midday trading on Friday, hitting $94.47. The stock had a trading volume of 92,466 shares. The firm’s 50 day moving average price is $94.05 and its 200 day moving average price is $84.53. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 20.75 and a beta of 0.54. Kaiser Aluminum Corporation has a 52-week low of $69.41 and a 52-week high of $98.72.
Kaiser Aluminum Corporation (NASDAQ:KALU) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.01 by $0.46. The firm had revenue of $356 million for the quarter, compared to analyst estimates of $349.62 million. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. Kaiser Aluminum Corporation’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, equities research analysts expect that Kaiser Aluminum Corporation will post $5.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Thursday, July 27th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Tuesday, July 25th. Kaiser Aluminum Corporation’s dividend payout ratio (DPR) is presently 44.44%.
Several equities research analysts have recently issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kaiser Aluminum Corporation in a research note on Saturday, June 24th. Cowen and Company lowered Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $96.00 to $97.00 in a research note on Monday, August 7th. They noted that the move was a valuation call. BidaskClub lowered Kaiser Aluminum Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 price objective (up from $80.00) on shares of Kaiser Aluminum Corporation in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $96.13.
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In related news, CEO Jack A. Hockema sold 9,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $91.18, for a total value of $820,620.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Del L. Miller sold 817 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $97.07, for a total value of $79,306.19. The disclosure for this sale can be found here. Insiders sold 18,714 shares of company stock worth $1,748,706 in the last three months. 3.00% of the stock is currently owned by corporate insiders.
Kaiser Aluminum Corporation Company Profile
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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