$1.11 EPS Expected for Kaiser Aluminum Corp. (KALU)

September 17, 2017 - By Stephen Andrade

 $1.11 EPS Expected for Kaiser Aluminum Corp. (KALU)
Investors sentiment increased to 1.02 in 2016 Q4. Its up 0.01, from 1.01 in 2016Q3. It improved, as 29 investors sold Kaiser Aluminum Corp. shares while 59 reduced holdings. 23 funds opened positions while 67 raised stakes. 16.67 million shares or 3.09% less from 17.20 million shares in 2016Q3 were reported.
Independent Port Consultants Inc reported 0% of its portfolio in Kaiser Aluminum Corp. (NASDAQ:KALU). 1.45 million are owned by Blackrock Fund Advisors. Northwestern Mutual Wealth Management Co holds 0% of its portfolio in Kaiser Aluminum Corp. (NASDAQ:KALU) for 23 shares. Aqr Capital Management Limited Liability reported 84,791 shares. Aberdeen Asset Mgmt Public Limited Co Uk stated it has 531,197 shares. Victory Capital Management Inc has 1,367 shares. Ameriprise Fincl reported 0.01% in Kaiser Aluminum Corp. (NASDAQ:KALU). Art Ltd holds 0.04% of its portfolio in Kaiser Aluminum Corp. (NASDAQ:KALU) for 9,300 shares. Envestnet Asset Mngmt Inc accumulated 1,068 shares. Arizona State Retirement System owns 9,195 shares for 0.01% of their portfolio. California State Teachers Retirement Sys accumulated 36,538 shares or 0.01% of the stock. Jpmorgan Chase holds 0% or 28,778 shares. Lombardia Cap Prtnrs Ltd Com has invested 0.94% in Kaiser Aluminum Corp. (NASDAQ:KALU). Renaissance Technology Ltd Liability Com has invested 0.03% of its portfolio in Kaiser Aluminum Corp. (NASDAQ:KALU). Cna Corporation invested in 0.12% or 7,100 shares.

Since March 29, 2017, it had 0 insider purchases, and 2 selling transactions for $255,288 activity. Parkinson Ray sold $93,794 worth of stock or 1,200 shares.

Wall Street await Kaiser Aluminum Corp. (NASDAQ:KALU) to release earnings on October, 18. Analysts forecast earnings per share of $1.11, up exactly $0.09 or 8.82 % from 2014’s $1.02 EPS. The expected KALU’s profit could reach $18.77 million giving the stock 21.70 P/E in the case that $1.11 earnings per share is reported. After posting $1.47 EPS for the previous quarter, Kaiser Aluminum Corp.’s analysts now forecast -24.49 % negative EPS growth. The stock increased 0.46% or $0.44 on September 15, reaching $96.37. About 269,662 shares traded or 133.82% up from the average. Kaiser Aluminum Corp. (NASDAQ:KALU) has declined 3.95% since September 17, 2016 and is downtrending. It has underperformed by 20.65% the S&P500.

Kaiser Aluminum Corp. (NASDAQ:KALU) Ratings Coverage

Among 10 analysts covering Kaiser Aluminum Corp (NASDAQ:KALU), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Kaiser Aluminum Corp had 17 analyst reports since July 28, 2015 according to SRatingsIntel. Bank of America maintained the stock with “Underperform” rating in Friday, July 21 report. The stock of Kaiser Aluminum Corp. (NASDAQ:KALU) earned “Underperform” rating by Bank of America on Thursday, January 12. Seaport Global initiated Kaiser Aluminum Corp. (NASDAQ:KALU) rating on Friday, September 9. Seaport Global has “Buy” rating and $100 target. The firm earned “Neutral” rating on Wednesday, December 14 by Macquarie Research. The firm has “Outperform” rating given on Thursday, July 23 by Cowen & Co. As per Thursday, February 18, the company rating was maintained by Cowen & Co. The firm has “Outperform” rating by Macquarie Research given on Tuesday, September 6. The company was initiated on Friday, March 11 by Credit Suisse. The firm has “Neutral” rating given on Thursday, May 19 by Goldman Sachs. The firm has “Neutral” rating given on Wednesday, July 20 by Bank of America.

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company has market cap of $1.63 billion. The Firm operates in the Fabricated Products segment. It has a 21.3 P/E ratio. 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.

More notable recent Kaiser Aluminum Corp. (NASDAQ:KALU) news were published by: Seekingalpha.com which released: “Kaiser Aluminum’s (KALU) CEO Jack Hockema on Q2 2017 Results – Earnings Call …” on July 20, 2017, also Seekingalpha.com with their article: “Add Kaiser Aluminum To Your Portfolio” published on May 16, 2017, Globenewswire.com published: “Kaiser Aluminum Corporation Reports Fourth Quarter and Full Year 2016 …” on February 21, 2017. More interesting news about Kaiser Aluminum Corp. (NASDAQ:KALU) were released by: Globenewswire.com and their article: “Kaiser Aluminum Corporation Reports First Quarter 2017 Financial Results” published on April 19, 2017 as well as Globenewswire.com‘s news article titled: “Kaiser Aluminum Announces Second Quarter and First Half 2017 Earnings Release …” with publication date: July 05, 2017.

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