Kaman Corporation (NYSE:KAMN) announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07, Bloomberg Earnings reports. Kaman Corporation had a return on equity of 9.30% and a net margin of 2.90%. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $461.06 million. During the same quarter last year, the firm posted $0.64 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis.
Kaman Corporation (KAMN) traded up $0.51 on Friday, hitting $56.56. The stock had a trading volume of 112,800 shares, compared to its average volume of 172,729. Kaman Corporation has a 12 month low of $45.50 and a 12 month high of $57.11. The company has a quick ratio of 1.35, a current ratio of 2.85 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1,590.00, a P/E ratio of 28.74 and a beta of 0.73.
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In other news, Director E Reeves Callaway III sold 2,697 shares of Kaman Corporation stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $56.41, for a total transaction of $152,137.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.38% of the stock is currently owned by company insiders.
KAMN has been the subject of several research reports. Northcoast Research initiated coverage on Kaman Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $60.00 price target for the company. Zacks Investment Research downgraded Kaman Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, BidaskClub downgraded Kaman Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.67.
Kaman Corporation Company Profile
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.
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