Last Updated: 09 Nov 2024
Executive Summary
Kaiser Aluminum Corporation (KALU) is a leading manufacturer of specialty semi-finished aluminum mill products. The company's strong financial performance, including a 28.86 trailing PE ratio and a 2.93 diluted EPS, indicates its potential for growth. However, the company's low dividend yield (0.0369) and high beta (1.309) may be areas of concern for investors.
Company Overview
Kaiser Aluminum Corporation is headquartered in Foothill Ranch, California, and has a market capitalization of $1.36 billion. The company's products are used in a wide range of industries, including aerospace, automotive, and construction. Kaiser Aluminum has a strong global presence, with operations in North America, Europe, and Asia.
Fundamental Analysis
Revenue: KALU's revenue for the trailing twelve months (TTM) is $2.98 billion, with a quarterly revenue growth of 0.006% year-over-year.
Earnings: The company's diluted EPS for the TTM is $2.93, with a quarterly earnings growth of 1.192% year-over-year.
Profitability: KALU's profit margin is 1.59%, while its operating margin is 2.22%.
Return on Assets: The company's return on assets (ROA) for the TTM is 2.47%.
Return on Equity: KALU's return on equity (ROE) for the TTM is 7.23%.
Technical Analysis
Trend: KALU's stock price has been in a downtrend since reaching a 52-week high of $100.41 in April 2023.
Moving Averages: The stock's 50-day moving average is $72.13, while its 200-day moving average is $80.45.
Support and Resistance: The stock has support at $70 and resistance at $85.
Short Term Outlook
In the short term, KALU's stock price may continue to fluctuate within its support and resistance levels. The company's upcoming earnings report will be a key factor in determining the stock's direction.
Long Term Outlook
Kaiser Aluminum Corporation has a strong long-term outlook due to its solid financial performance and global presence. The company's focus on specialty aluminum products positions it well for growth in industries such as aerospace and automotive.
Analyst Recommendations
Analysts have a mixed view on KALU's stock. One analyst has a "Buy" rating, while another has a "Hold" rating. The average analyst target price is $81.
