Kaiser Aluminum Corporation (NASDAQ:KALU) is set to announce third quarter earning results on Wednesday 21st October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, KALU to report 3Q20 income of $ 0.24 per share.
For the full year, analysts anticipate top line of $ 1169.01 million, while looking forward to income of $ 2.85 per share bottom line.
Previous Quarter Performance
Kaiser Aluminum Corporation unveiled income for the second quarter of $ 0.36 per share, from the revenue of $ 275.70 million. The quarterly earnings declined 74.29 percent compared with the same quarter last year. Wall street analysts are predicting, KALU to report 2Q20 loss of $ 0.04 per share from revenue of $ 263.90 million. The top line results outshined analysts by $ 11.80 million or 4.47 percent.
Stock Performance
Shares of Kaiser Aluminum Corporation traded low $ -0.90 or -1.38 percent on Tuesday, reaching $ 64.53 with volume of 124.30 thousand shares. Kaiser Aluminum Corporation has traded high as $ 67.36 and has cracked $ 64.10 on the downward trend
The closing price of $ 64.53, representing a 29.59 % increase from the 52 week low of $ 50.49 and a 44.11 % decrease over the 52 week high of $ 117.06.
The company has a market capital of $ 1.02 billion and is part of the Basic Materials sector and Aluminum industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.67 per share on July 14, 2020. The dividend were payable on August 14, 2020 to holders of record as of the close of business on July 24, 2020 and ex-dividend date on July 23, 2020.
Conference Call
Kaiser Aluminum Corporation will be hosting a conference call at 1:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kaiseraluminum.com
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.
