Analysts expect Kaman Co. (NYSE:KAMN) to announce earnings of $0.79 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Kaman’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.80. Kaman posted earnings of $1.22 per share in the same quarter last year, which would suggest a negative year over year growth rate of 35.2%. The firm is expected to report its next earnings report on Monday, February 24th.
On average, analysts expect that Kaman will report full-year earnings of $1.90 per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of $2.78 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Kaman.
Kaman (NYSE:KAMN) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Kaman had a net margin of 14.74% and a return on equity of 9.94%. The business had revenue of $182.67 million for the quarter, compared to analysts’ expectations of $177.33 million. During the same period in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year.
KAMN opened at $65.07 on Tuesday. The firm has a market capitalization of $1.79 billion, a P/E ratio of 22.59 and a beta of 0.81. Kaman has a one year low of $51.34 and a one year high of $65.91. The company has a fifty day moving average price of $62.10 and a 200-day moving average price of $60.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.00 and a quick ratio of 3.27.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, December 16th. Kaman’s dividend payout ratio (DPR) is 27.78%.
In other Kaman news, Director E Reeves Callaway III sold 1,063 shares of Kaman stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $62.55, for a total transaction of $66,490.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.01% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in KAMN. CWM LLC raised its position in shares of Kaman by 3,100.0% during the 3rd quarter. CWM LLC now owns 416 shares of the industrial products company’s stock valued at $25,000 after buying an additional 403 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Kaman during the 2nd quarter worth $51,000. Bourgeon Capital Management LLC bought a new stake in shares of Kaman during the 3rd quarter worth $70,000. Resources Management Corp CT ADV purchased a new position in Kaman in the third quarter worth $74,000. Finally, Advisory Services Network LLC grew its position in Kaman by 45.0% in the second quarter. Advisory Services Network LLC now owns 1,581 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 491 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.
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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