Equities Analysts Issue Forecasts for Kaman Co.’s FY2019 Earnings (KAMN)

Kaman Co. (NYSE:KAMN) – Equities researchers at KeyCorp raised their FY2019 EPS estimates for shares of Kaman in a note issued to investors on Monday, November 5th. KeyCorp analyst S. Barger now forecasts that the industrial products company will earn $3.70 per share for the year, up from their prior forecast of $3.46.

A number of other analysts also recently weighed in on KAMN. ValuEngine raised shares of Kaman from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Kaman from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kaman in a report on Thursday, July 12th. They set a “neutral” rating and a $75.00 price target for the company.

Shares of Kaman stock opened at $59.02 on Wednesday. Kaman has a 1-year low of $55.14 and a 1-year high of $75.08. The company has a quick ratio of 1.59, a current ratio of 2.70 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.65 billion, a PE ratio of 26.47 and a beta of 0.73.

Kaman (NYSE:KAMN) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.10). Kaman had a return on equity of 11.10% and a net margin of 2.40%. The firm had revenue of $443.06 million for the quarter, compared to the consensus estimate of $471.01 million. During the same period last year, the company posted $0.69 EPS. The business’s revenue was down .9% on a year-over-year basis.

Several institutional investors have recently modified their holdings of KAMN. Howe & Rusling Inc. lifted its stake in Kaman by 138.2% in the 3rd quarter. Howe & Rusling Inc. now owns 9,529 shares of the industrial products company’s stock valued at $636,000 after purchasing an additional 5,529 shares during the last quarter. Stone Ridge Asset Management LLC lifted its stake in Kaman by 17.0% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 23,061 shares of the industrial products company’s stock valued at $1,540,000 after purchasing an additional 3,353 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in Kaman in the 3rd quarter valued at approximately $132,000. Lisanti Capital Growth LLC lifted its stake in Kaman by 321.6% in the 3rd quarter. Lisanti Capital Growth LLC now owns 48,190 shares of the industrial products company’s stock valued at $3,218,000 after purchasing an additional 36,760 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in Kaman in the 3rd quarter valued at approximately $621,000. 92.35% of the stock is owned by institutional investors.

About Kaman

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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Earnings History and Estimates for Kaman (NYSE:KAMN)

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