Kaiser Aluminum Corporation (NASDAQ:KALU) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, KALU is expected to report 2Q20 loss of $ 0.04 per share from revenue of $ 263.90 million.
For the full year, analysts anticipate top line of $ 1193.74 million, while looking forward to income of $ 2.26 per share bottom line.
Previous Quarter Performance
Kaiser Aluminum Corporation disclosed income for the first quarter of $ 1.90 per share, from the revenue of $ 369.30 million. The quarterly earnings escalated 2.70 percent while revenues contracted 8.60 percent compared with the same quarter last year.
Wall street analysts are predicting, KALU to report 1Q20 income of $ 1.58 per share from revenue of $ 386.89 million. The bottom line results beat street analysts by $ 0.32 or 20.25 percent, at the same time, top line results fell short of analysts by $ 17.59 million or 4.55 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of KALU was $ 71.00, representing a 30.18 % increase from the 52 week low of $ 54.54 and a 39.35 % decrease over the 52 week high of $ 117.06.
The company has a market capital of $ 1.12 billion and is part of the Basic Materials sector and Aluminum industry.
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Recent Stock Dividend Announcement
On April 14, 2020, the board of directors authorized quarterly dividend of $ 0.67 per share to holders of record as of the close of business on April 24, 2020, with payment date of May 15, 2020 and ex-dividend date on April 23, 2020.
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications. Its aerospace and high strength products include heat treat plates and sheets, hard alloy extruded shapes, cold finish rods and bars, seamless drawn tubes, and billets for aerospace and defense industries.
