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 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.
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.
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