Equities research analysts expect that Kaman Co. (NYSE:KAMN) will post sales of $489.89 million for the current quarter, according to Zacks. Two analysts have provided estimates for Kaman’s earnings. The highest sales estimate is $494.20 million and the lowest is $485.57 million. Kaman posted sales of $473.92 million during the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that Kaman will report full-year sales of $1.86 billion for the current year, with estimates ranging from $1.86 billion to $1.87 billion. For the next year, analysts anticipate that the firm will report sales of $2.04 billion, with estimates ranging from $2.02 billion to $2.06 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Kaman.
Kaman (NYSE:KAMN) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The firm had revenue of $443.06 million for the quarter, compared to analysts’ expectations of $471.01 million. Kaman had a return on equity of 11.10% and a net margin of 2.40%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share.
Shares of NYSE KAMN traded down $0.85 during midday trading on Tuesday, reaching $53.98. 134,524 shares of the stock were exchanged, compared to its average volume of 141,987. The company has a market cap of $1.51 billion, a PE ratio of 24.21 and a beta of 0.69. Kaman has a 52-week low of $52.93 and a 52-week high of $75.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.70 and a quick ratio of 1.59.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Tuesday, December 18th will be given a $0.20 dividend. The ex-dividend date is Monday, December 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.48%. Kaman’s dividend payout ratio is presently 35.87%.
In related news, CEO Neal J. Keating bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average cost of $59.04 per share, with a total value of $236,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.38% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new position in Kaman during the third quarter valued at approximately $1,151,000. Marshall Wace LLP acquired a new position in Kaman during the third quarter valued at approximately $3,389,000. Vanguard Group Inc. lifted its position in Kaman by 2.7% during the third quarter. Vanguard Group Inc. now owns 2,850,569 shares of the industrial products company’s stock valued at $190,361,000 after buying an additional 76,288 shares in the last quarter. Morgan Stanley lifted its position in Kaman by 38.1% during the third quarter. Morgan Stanley now owns 207,539 shares of the industrial products company’s stock valued at $13,861,000 after buying an additional 57,252 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Kaman by 8.2% during the third quarter. Legal & General Group Plc now owns 65,362 shares of the industrial products company’s stock valued at $4,352,000 after buying an additional 4,977 shares in the last quarter. 93.69% of the stock is currently owned by institutional investors and hedge funds.
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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