Zacks: Brokerages Anticipate Kaman Co. (NYSE:KAMN) to Post $0.79 Earnings Per Share

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Brokerages forecast that Kaman Co. (NYSE:KAMN) will report earnings of $0.79 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kaman’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.80. Kaman reported earnings of $1.22 per share in the same quarter last year, which indicates a negative year over year growth rate of 35.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 24th.

On average, analysts expect that Kaman will report full-year earnings of $1.90 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $2.78 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Kaman.

Kaman (NYSE:KAMN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The company had revenue of $182.67 million for the quarter, compared to analyst estimates of $177.33 million. Kaman had a return on equity of 9.94% and a net margin of 14.74%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share.

KAMN has been the topic of a number of recent analyst reports. TheStreet raised Kaman from a “c+” rating to a “b” rating in a research note on Thursday, November 7th. Zacks Investment Research raised Kaman from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective on the stock in a research note on Saturday, November 9th. Finally, ValuEngine raised Kaman from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st.

In other Kaman news, Director E Reeves Callaway III sold 1,063 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $62.55, for a total value of $66,490.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.01% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC lifted its stake in shares of Kaman by 3,100.0% during the third quarter. CWM LLC now owns 416 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 403 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Kaman during the second quarter valued at $51,000. Bourgeon Capital Management LLC acquired a new position in shares of Kaman during the third quarter valued at $70,000. Resources Management Corp CT ADV acquired a new position in shares of Kaman during the third quarter valued at $74,000. Finally, Advisory Services Network LLC lifted its stake in shares of Kaman by 45.0% during the second quarter. Advisory Services Network LLC now owns 1,581 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 491 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Kaman stock traded down $0.20 on Tuesday, reaching $65.19. The company’s stock had a trading volume of 204,761 shares, compared to its average volume of 133,668. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.27 and a current ratio of 4.00. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 22.64 and a beta of 0.81. The business’s fifty day moving average price is $62.65 and its 200 day moving average price is $60.26. Kaman has a twelve month low of $51.34 and a twelve month high of $65.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, December 16th. Kaman’s dividend payout ratio is currently 27.78%.

About Kaman

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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