Wall Street brokerages expect that Kaman Co. (NYSE:KAMN) will report $482.49 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kaman’s earnings, with the highest sales estimate coming in at $486.90 million and the lowest estimate coming in at $478.07 million. Kaman reported sales of $468.13 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Kaman will report full-year sales of $1.93 billion for the current year, with estimates ranging from $1.93 billion to $1.94 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.02 billion, with estimates ranging from $2.01 billion to $2.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Kaman.
Kaman (NYSE:KAMN) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $457.39 million during the quarter, compared to analysts’ expectations of $466.47 million. Kaman had a net margin of 2.90% and a return on equity of 12.80%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of KAMN. Quadrant Capital Group LLC increased its holdings in Kaman by 810.5% in the first quarter. Quadrant Capital Group LLC now owns 956 shares of the industrial products company’s stock valued at $54,000 after buying an additional 851 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Kaman in the first quarter valued at about $119,000. Rockefeller Capital Management L.P. purchased a new position in Kaman in the first quarter valued at about $128,000. Amalgamated Bank purchased a new position in Kaman in the fourth quarter valued at about $243,000. Finally, BBT Capital Management LLC purchased a new position in Kaman in the first quarter valued at about $328,000. 92.30% of the stock is owned by hedge funds and other institutional investors.
NYSE KAMN opened at $63.69 on Friday. The stock has a market capitalization of $1.78 billion, a PE ratio of 22.11 and a beta of 0.69. Kaman has a 52-week low of $51.34 and a 52-week high of $71.00. The business’s 50-day moving average price is $59.17. The company has a quick ratio of 1.43, a current ratio of 2.42 and a debt-to-equity ratio of 0.53.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 17th. This represents a $0.80 annualized dividend and a yield of 1.26%. Kaman’s dividend payout ratio is currently 27.78%.
Kaman Company Profile
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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