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.
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.
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