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    Kaiser Aluminum misses analysts' consensus as it reports decreased quarterly earnings data

  • China Aluminium Network
  • Post Time: 2016/10/24
  • Click Amount: 351

    Kaiser Aluminum Corp. announced its earnings data for the quarter ended September 30, on Wednesday. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.25. Kaiser Aluminum Corp. reported a net margin of 6.59 per cent and a return on equity of 9.70 per cent.

    The company also recently disclosed a quarterly dividend to be paid on November 15. Shareholders of record on Tuesday, October 25, will be paid a dividend of $0.45 per share. The ex-dividend is to be paid on October 21. This represents a $1.80 dividend on an annualized basis and a yield of 2.28 per cent. Kaiser Aluminum Corp.’s payout ratio is 37.42 per cent.

    Kaiser Aluminum is engaged in the production of semi-fabricated specialty aluminium products. The company's product portfolio features aluminium plate and sheet, aluminium extruded and drawn products, which find major application in aerospace/high strength, automotive, general engineering and other industrial end user sectors.

    Several equities analysts have downgraded shares of Kaiser Aluminum Corp. from a “buy” rating to a “hold” rating. Institutional investors have also modified their holdings of the stock recently. Shares of Kaiser Aluminum traded down 3.19 per cent during midday trading on Wednesday, reaching $78.88.

    Source: http://www.alcircle.com
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