Kaman (KAMN) Posts Quarterly Earnings Results

Kaman (NYSE:KAMN) released its earnings results on Tuesday, February 27th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.10), Bloomberg Earnings reports. The company had revenue of $473.90 million for the quarter, compared to analyst estimates of $493.10 million. Kaman had a return on equity of 10.43% and a net margin of 2.76%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share.

Shares of Kaman (NYSE:KAMN) traded down $0.20 during mid-day trading on Wednesday, reaching $62.57. The company’s stock had a trading volume of 96,289 shares, compared to its average volume of 156,092. The company has a market capitalization of $1,750.63, a P/E ratio of 27.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.54 and a current ratio of 3.04. Kaman has a 1-year low of $45.50 and a 1-year high of $63.89.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.28%. Kaman’s dividend payout ratio (DPR) is 45.20%.

In other Kaman news, Director Thomas W. Rabaut sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $60.25, for a total value of $602,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.38% of the company’s stock.

Separately, Zacks Investment Research raised Kaman from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Wednesday, January 24th.

COPYRIGHT VIOLATION NOTICE: “Kaman (KAMN) Posts Quarterly Earnings Results” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2018/03/14/kaman-kamn-announces-earnings-results.html.

Kaman Company Profile

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.

Earnings History for Kaman (NYSE:KAMN)

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.

Leave a Reply