Analysts Set Expectations for Kaman Co.’s FY2018 Earnings (KAMN)

Kaman Co. (NYSE:KAMN) – Investment analysts at Northcoast Research cut their FY2018 earnings per share (EPS) estimates for shares of Kaman in a research note issued on Tuesday, November 6th. Northcoast Research analyst R. Cieslak now anticipates that the industrial products company will post earnings of $2.60 per share for the year, down from their previous estimate of $3.05. Northcoast Research also issued estimates for Kaman’s Q4 2018 earnings at $0.94 EPS.

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

A number of other analysts have also recently weighed in on KAMN. Zacks Investment Research cut shares of Kaman from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine cut shares of Kaman from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd.

KAMN opened at $58.53 on Thursday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 26.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 2.70. Kaman has a 12-month low of $55.14 and a 12-month high of $75.08.

Large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its holdings in shares of Kaman by 16.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 255,910 shares of the industrial products company’s stock worth $17,835,000 after purchasing an additional 36,770 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Kaman during the second quarter worth $403,000. Bessemer Group Inc. raised its holdings in shares of Kaman by 5.3% during the second quarter. Bessemer Group Inc. now owns 239,935 shares of the industrial products company’s stock worth $16,721,000 after purchasing an additional 12,165 shares during the period. TD Asset Management Inc. raised its holdings in shares of Kaman by 337.5% during the second quarter. TD Asset Management Inc. now owns 109,800 shares of the industrial products company’s stock worth $7,652,000 after purchasing an additional 84,700 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Kaman by 4.9% during the first quarter. Principal Financial Group Inc. now owns 239,482 shares of the industrial products company’s stock worth $14,877,000 after purchasing an additional 11,124 shares during the period. 92.35% of the stock is currently owned by institutional investors.

In other Kaman news, CEO Neal J. Keating bought 4,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were bought at an average cost of $59.04 per share, with a total value of $236,160.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.38% of the stock is currently owned by corporate insiders.

Kaman Company Profile

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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