Equities analysts expect Kaman Co. (NYSE:KAMN) to post $0.39 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kaman’s earnings. Kaman posted earnings of $0.57 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 31.6%. The business is expected to announce its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Kaman will report full-year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.90 to $1.94. For the next year, analysts expect that the firm will post earnings of $2.27 per share, with EPS estimates ranging from $2.24 to $2.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Kaman.
Kaman (NYSE:KAMN) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.39). Kaman had a return on equity of 11.02% and a net margin of 3.34%. The company had revenue of $174.70 million for the quarter, compared to the consensus estimate of $485.19 million. During the same quarter last year, the business earned $0.54 EPS. Kaman’s revenue was down 2.2% on a year-over-year basis.
In other Kaman news, CEO Neal J. Keating purchased 2,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $57.48 per share, for a total transaction of $126,456.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director E Reeves Callaway III sold 1,000 shares of Kaman stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $57.25, for a total value of $57,250.00. The disclosure for this sale can be found here. Company insiders own 2.01% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KAMN. Point72 Asset Management L.P. acquired a new stake in shares of Kaman during the 2nd quarter valued at $51,000. Quadrant Capital Group LLC boosted its holdings in shares of Kaman by 810.5% during the 1st quarter. Quadrant Capital Group LLC now owns 956 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 851 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Kaman by 45.0% during the 2nd quarter. Advisory Services Network LLC now owns 1,581 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 491 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Kaman by 33.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,631 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 412 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Kaman during the 1st quarter valued at $119,000. 91.84% of the stock is currently owned by institutional investors.
Kaman stock traded up $1.55 during mid-day trading on Friday, reaching $56.40. 137,200 shares of the company were exchanged, compared to its average volume of 138,938. Kaman has a 12 month low of $51.34 and a 12 month high of $68.79. The company has a fifty day simple moving average of $60.86 and a 200-day simple moving average of $60.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.48. The firm has a market cap of $1.53 billion, a PE ratio of 19.58 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Tuesday, September 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. Kaman’s payout ratio is 27.78%.
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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