Wall Street brokerages expect Kaman Co. (NYSE:KAMN) to post earnings per share of $0.39 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kaman’s earnings. Kaman posted earnings per share of $0.57 in the same quarter last year, which would suggest a negative year over year growth rate of 31.6%. The company is scheduled to report its next quarterly earnings report on Thursday, November 7th.
According to Zacks, analysts expect that Kaman will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.94. For the next year, analysts anticipate that the firm will report earnings of $2.27 per share, with EPS estimates ranging from $2.24 to $2.30. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Kaman.
Kaman (NYSE:KAMN) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.39). The company had revenue of $174.70 million for the quarter, compared to analyst estimates of $485.19 million. Kaman had a net margin of 3.34% and a return on equity of 11.02%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share.
In other news, Director Brian E. Barents sold 6,733 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $56.78, for a total value of $382,299.74. Following the transaction, the director now directly owns 29,144 shares of the company’s stock, valued at approximately $1,654,796.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neal J. Keating bought 2,200 shares of Kaman stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $57.48 per share, for a total transaction of $126,456.00. The disclosure for this purchase can be found here. 2.01% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in shares of Kaman by 125.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,413 shares of the industrial products company’s stock worth $1,273,000 after acquiring an additional 11,903 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Kaman by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,068,538 shares of the industrial products company’s stock worth $259,125,000 after acquiring an additional 57,847 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Kaman by 528.6% in the 2nd quarter. Susquehanna International Group LLP now owns 15,430 shares of the industrial products company’s stock worth $983,000 after acquiring an additional 19,030 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Kaman in the 2nd quarter worth approximately $7,164,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in Kaman by 6.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 24,380 shares of the industrial products company’s stock worth $1,553,000 after buying an additional 1,378 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors and hedge funds.
NYSE KAMN opened at $58.26 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.48 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $59.13 and its two-hundred day moving average is $59.73. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.23 and a beta of 0.78. Kaman has a 1-year low of $51.34 and a 1-year high of $66.13.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Tuesday, September 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Monday, September 16th. Kaman’s 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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