Karman (NYSE:KRMN) Issues Quarterly Earnings Results

Karman (NYSE:KRMN) released its earnings results on Wednesday. The company reported $0.11 earnings per share for the quarter, FiscalAI reports. Karman had a return on equity of 11.11% and a net margin of 2.65%.The firm had revenue of $134.49 million for the quarter.

Karman Stock Performance

Shares of KRMN stock traded down $2.24 during trading hours on Wednesday, hitting $99.60. The company’s stock had a trading volume of 2,490,438 shares, compared to its average volume of 2,138,488. Karman has a 12-month low of $25.02 and a 12-month high of $118.38. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27. The stock has a market cap of $13.18 billion and a PE ratio of 398.39. The company has a 50 day moving average of $97.54 and a 200 day moving average of $81.84.

Institutional Investors Weigh In On Karman

Hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. boosted its holdings in Karman by 28.5% during the fourth quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after buying an additional 108 shares in the last quarter. FIL Ltd boosted its holdings in Karman by 0.6% in the 4th quarter. FIL Ltd now owns 26,072 shares of the company’s stock worth $1,908,000 after buying an additional 155 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Karman by 56.4% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after acquiring an additional 164 shares during the last quarter. GAMMA Investing LLC boosted its stake in Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Finally, Amalgamated Bank grew its stake in Karman by 9.4% during the 3rd quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock valued at $158,000 after acquiring an additional 188 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on KRMN. Royal Bank Of Canada upped their price target on shares of Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. KeyCorp lifted their price objective on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. Evercore increased their price target on shares of Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Finally, Citigroup reissued a “buy” rating on shares of Karman in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.90.

About Karman

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.