Zacks: Analysts Anticipate Kaman Co. (KAMN) Will Post Earnings of $0.94 Per Share
Analysts forecast that Kaman Co. (NYSE:KAMN) will announce earnings per share (EPS) of $0.94 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kaman’s earnings, with estimates ranging from $0.90 to $0.97. Kaman reported earnings of $0.86 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The business is expected to issue its next quarterly earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Kaman will report full year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.62. For the next financial year, analysts anticipate that the firm will post earnings of $3.70 per share, with EPS estimates ranging from $3.60 to $3.80. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Kaman.
Kaman (NYSE:KAMN) last released its earnings results on Thursday, November 1st. The industrial products company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). Kaman had a return on equity of 11.10% and a net margin of 2.40%. The business had revenue of $443.06 million for the quarter, compared to analyst estimates of $471.01 million. During the same period in the prior year, the business earned $0.69 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis.
Shares of KAMN stock traded down $0.85 during trading hours on Friday, reaching $53.98. The company had a trading volume of 134,524 shares, compared to its average volume of 141,987. Kaman has a 12 month low of $52.93 and a 12 month high of $75.08. The company has a quick ratio of 1.59, a current ratio of 2.70 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.51 billion, a PE ratio of 24.21 and a beta of 0.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, December 17th. Kaman’s payout ratio is 35.87%.
In other news, CEO Neal J. Keating bought 4,000 shares of Kaman stock in a transaction on Tuesday, November 6th. The shares were purchased at an average price of $59.04 per share, for a total transaction of $236,160.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.38% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its stake in Kaman by 16.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 255,910 shares of the industrial products company’s stock valued at $17,835,000 after purchasing an additional 36,770 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Kaman during the second quarter valued at about $403,000. TD Asset Management Inc. grew its position 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 valued at $7,652,000 after purchasing an additional 84,700 shares in the last quarter. Principal Financial Group Inc. grew its position 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 valued at $14,877,000 after purchasing an additional 11,124 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Kaman by 585.2% during the second quarter. PNC Financial Services Group Inc. now owns 8,168 shares of the industrial products company’s stock valued at $569,000 after purchasing an additional 6,976 shares in the last quarter. Institutional investors own 93.69% of the company’s stock.
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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