Kaman Co. (KAMN) Expected to Post Earnings of $0.94 Per Share
Brokerages forecast that Kaman Co. (NYSE:KAMN) will report earnings per share (EPS) of $0.94 for the current quarter, Zacks reports. Two analysts have issued estimates for Kaman’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.97. Kaman posted earnings per share of $0.86 in the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The company is expected to issue its next quarterly earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that Kaman will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.62. For the next fiscal year, analysts forecast that the company will post earnings of $3.70 per share, with EPS estimates ranging from $3.60 to $3.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Kaman.
Kaman (NYSE:KAMN) last posted its earnings results on Thursday, November 1st. The industrial products company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $443.06 million during the quarter, compared to analyst estimates of $471.01 million. During the same quarter last year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year.
KAMN traded down $0.30 on Friday, hitting $54.53. The company had a trading volume of 2,896 shares, compared to its average volume of 139,995. Kaman has a 1-year low of $52.93 and a 1-year high of $75.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 2.70. The firm has a market cap of $1.52 billion, a P/E ratio of 24.55 and a beta of 0.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 18th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. Kaman’s dividend payout ratio (DPR) is presently 35.87%.
In other Kaman news, CEO Neal J. Keating purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was bought at an average cost of $59.04 per share, for a total transaction of $236,160.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.38% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in shares of Kaman during the third quarter worth approximately $1,151,000. Marshall Wace LLP bought a new stake in shares of Kaman during the third quarter valued at approximately $3,389,000. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 76,288 shares during the period. Morgan Stanley increased its position in shares of 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 purchasing an additional 57,252 shares during the period. Finally, Legal & General Group Plc increased its position in shares of 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 purchasing an additional 4,977 shares during the period. Institutional investors own 93.69% of the company’s stock.
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.
Further Reading: Diversification Important in Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kaman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman and related companies with MarketBeat.com's FREE daily email newsletter.