Kaman Corporation (KAMN) Announces Earnings Results, Beats Estimates By $0.07 EPS

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.

ILLEGAL ACTIVITY WARNING: “Kaman Corporation (KAMN) Announces Earnings Results, Beats Estimates By $0.07 EPS” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/11/kaman-corporation-kamn-issues-quarterly-earnings-results.html.

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.

Earnings History for Kaman Corporation (NYSE:KAMN)

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

Leave a Reply