Wall Street brokerages predict that Kaman Aircraft (NYSE:KAMN) will announce earnings of $0.44 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Kaman Aircraft’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.48. Kaman Aircraft posted earnings per share of $0.22 during the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The business is scheduled to announce its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Kaman Aircraft will report full-year earnings of $3.10 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.15. For the next fiscal year, analysts forecast that the business will post earnings of $3.48 per share, with EPS estimates ranging from $3.45 to $3.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Kaman Aircraft.
Kaman Aircraft (NYSE:KAMN) last posted its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.10). The firm had revenue of $473.90 million during the quarter, compared to the consensus estimate of $493.10 million. Kaman Aircraft had a return on equity of 10.43% and a net margin of 2.76%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share.
A number of equities analysts have weighed in on the stock. Northcoast Research lowered shares of Kaman Aircraft from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Thursday, March 15th. Zacks Investment Research upgraded shares of Kaman Aircraft from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Wednesday, January 24th. Finally, ValuEngine upgraded shares of Kaman Aircraft from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd.
In related news, Director Thomas W. Rabaut sold 10,000 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $60.25, for a total transaction of $602,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.38% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of KAMN. Levin Capital Strategies L.P. bought a new position in shares of Kaman Aircraft during the fourth quarter worth $6,738,000. BlackRock Inc. boosted its position in shares of Kaman Aircraft by 2.1% during the fourth quarter. BlackRock Inc. now owns 3,645,872 shares of the industrial products company’s stock worth $214,523,000 after acquiring an additional 73,728 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Kaman Aircraft by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 737,871 shares of the industrial products company’s stock worth $43,416,000 after acquiring an additional 51,371 shares during the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of Kaman Aircraft by 26.0% during the third quarter. Granahan Investment Management Inc. MA now owns 201,637 shares of the industrial products company’s stock worth $11,247,000 after acquiring an additional 41,596 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Kaman Aircraft by 224.0% during the fourth quarter. Arizona State Retirement System now owns 46,750 shares of the industrial products company’s stock worth $2,751,000 after acquiring an additional 32,323 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.
Shares of KAMN traded up $0.41 during mid-day trading on Monday, reaching $62.14. The stock had a trading volume of 9,258 shares, compared to its average volume of 153,382. The firm has a market cap of $1,716.16, a P/E ratio of 27.96 and a beta of 0.79. Kaman Aircraft has a 12 month low of $45.50 and a 12 month high of $63.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.04 and a quick ratio of 1.54.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Tuesday, March 20th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. Kaman Aircraft’s dividend payout ratio is 35.87%.
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About Kaman Aircraft
Kaman Corporation operates in the aerospace and distribution markets. It 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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