Zacks: Brokerages Expect Kaman Co. (NYSE:KAMN) Will Post Earnings of $0.79 Per Share

Share on StockTwits

Wall Street analysts forecast that Kaman Co. (NYSE:KAMN) will post $0.79 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kaman’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.80. Kaman reported earnings of $1.22 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 35.2%. The business is scheduled to report its next quarterly earnings report on Monday, February 24th.

On average, analysts expect that Kaman will report full-year earnings of $1.90 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.78 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Kaman.

Kaman (NYSE:KAMN) last released its earnings results on Monday, November 4th. The industrial products company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. The business had revenue of $182.67 million for the quarter, compared to analysts’ expectations of $177.33 million. Kaman had a return on equity of 9.94% and a net margin of 14.74%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share.

KAMN has been the topic of a number of research analyst reports. ValuEngine raised Kaman from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Zacks Investment Research raised Kaman from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a research note on Saturday. Finally, TheStreet raised Kaman from a “c+” rating to a “b” rating in a research note on Thursday.

KAMN traded up $0.32 during trading on Friday, reaching $64.64. The stock had a trading volume of 113,872 shares, compared to its average volume of 129,077. The stock has a market cap of $1.82 billion, a PE ratio of 22.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 4.00. Kaman has a one year low of $51.34 and a one year high of $65.91. The business has a 50-day moving average of $59.13 and a 200-day moving average of $59.73.

In other Kaman news, Director E Reeves Callaway III sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $57.25, for a total transaction of $57,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian E. Barents sold 6,733 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $56.78, for a total transaction of $382,299.74. Following the sale, the director now owns 29,144 shares of the company’s stock, valued at $1,654,796.32. The disclosure for this sale can be found here. Corporate insiders own 2.01% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Kaman by 45.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,368 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 737 shares during the period. Bourgeon Capital Management LLC purchased a new stake in shares of Kaman during the third quarter worth about $70,000. California Public Employees Retirement System boosted its holdings in shares of Kaman by 12.9% during the third quarter. California Public Employees Retirement System now owns 66,011 shares of the industrial products company’s stock worth $3,925,000 after purchasing an additional 7,565 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Kaman during the third quarter worth about $264,000. Finally, Bfsg LLC purchased a new stake in shares of Kaman during the third quarter worth about $972,000. Institutional investors own 92.63% of the company’s stock.

About Kaman

Kaman Corporation operates in the aerospace and distribution markets. The company operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.

Featured Story: Day Trading

Get a free copy of the Zacks research report on Kaman (KAMN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kaman (NYSE:KAMN)

Receive News & Ratings for Kaman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.