Kaiser Aluminum to Report Earnings on Wednesday

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Kaiser Aluminum ($NASDAQ:KALU) is set to announce their earnings for the quarter on Wednesday. This could have a major impact on the stock price of the company and the aluminum market in general. Kaiser Aluminum is a leading producer of semi-fabricated aluminum products and value-added services in North America, China, and Europe. The company produces a wide variety of aluminum products tailored to meet customer specifications, including tubing, angles, channels, beams, bars, and rods.

Their products are used in industries such as aerospace, automotive, commercial transportation, building and construction, defense and security, and renewable energy. With the announcement of their earnings on Wednesday, it will be interesting to see how the market reacts to the news.

Earnings

KAISER ALUMINUM will be releasing its earning report for the second quarter of FY2023 on Wednesday. According to the report, KAISER ALUMINUM earned 741.0M USD in total revenue for the quarter ending June 30 2021, resulting in a 22.4M USD net loss. Compared to the same quarter last year, total revenue decreased by 22.3%. However, when compared to 3 years ago, total revenue has grown from 741.0M USD to 814.1M USD.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Kaiser Aluminum. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Kaiser Aluminum. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Kaiser Aluminum. More…

Key Ratios Snapshot

Some of the financial key ratios for Kaiser Aluminum are shown below. More…

Market Price

The stock opened at $69.6 but closed at $67.4, a decrease of 3.8% from its last closing price of 70.0. This indicates a dip in confidence of the company’s performance and its investors. There has been no official statement from KAISER ALUMINUM yet about the cause of the decline in stock price.

However, analysts are expecting the company to share more details about the quarter’s results when they are released on Thursday. Investors will be closely watching to see if the company is able to turn around this downward trend. Live Quote…

Analysis

At GoodWhale, we recently took a close look at the financials of KAISER ALUMINUM and analyzed the data. Our Star Chart shows that KAISER ALUMINUM has an intermediate health score of 6/10 considering its cashflows and debt. This indicates that the company is likely to sustain future operations in times of crisis. We can further observe that KAISER ALUMINUM is strong in dividend, medium in asset, growth and weak in profitability. Based on this, we classify the company as ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. Given its strong points in dividend and stable operations, KAISER ALUMINUM may be an attractive option for investors looking for stable dividends and secure returns. Such investors may include retirement investors, income investors or those who are seeking long-term stability. More…

Peers

In the aluminum industry, Kaiser Aluminum Corp competes against Nippon Light Metal Holdings Co Ltd, Alumetal SA, and AMAG Austria Metall AG. Each company produces a variety of aluminum products that are used in a number of industries. While Kaiser Aluminum Corp is the largest aluminum producer in the United States, its competitors are also large producers with a global presence.

– Nippon Light Metal Holdings Co Ltd ($TSE:5703)

Nippon Light Metal Holdings Co. is a holding company that operates through its subsidiaries. The company is engaged in the smelting and refinement of metals, as well as the production and sale of metals and chemical products. Nippon Light Metal also manufactures and sells aluminum products, such as aluminum cans, aluminum foil, and aluminum sheets. The company was founded in 1950 and is headquartered in Tokyo, Japan.

– Alumetal SA ($LTS:0QWL)

Alumetal SA is a publicly traded company with a market capitalization of 1.04 billion as of 2022. The company’s primary business is the production and distribution of aluminum products. Alumetal SA has a return on equity of 18.83%.

– AMAG Austria Metall AG ($LTS:0Q7L)

AMAG Austria Metall AG is a leading metals and mining company with operations in Europe, North America, and Australia. The company has a market capitalization of 1.09 billion as of 2022 and a return on equity of 15.65%. AMAG produces a range of metals and minerals, including aluminum, copper, iron ore, and uranium. The company has a long history of operations and is a well-established player in the global metals and mining industry.

Summary

Investors are expecting how the company performed during the quarter and what their outlook is for the future. The stock price of KAISER has been trending downwards over the past few weeks, which has caused concern among investors. Analysts are unsure what impact the earnings report will have on the stock price, however, they are looking at a few key metrics to evaluate the company’s performance. These include revenue growth, net income, cash flow, and operating margin, among others.

Additionally, investors will be evaluating management’s guidance and outlook for the future. Investors should also consider the overall industry performance, as well as any possible changes in the macroeconomic environment that may impact KAISER’s performance. With all these factors in mind, investors should use the upcoming earnings report to make an informed decision on their investment in KAISER Aluminum.