Equities research analysts expect Kaman Co. (NYSE:KAMN) to post sales of $470.90 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Kaman’s earnings, with the highest sales estimate coming in at $480.89 million and the lowest estimate coming in at $460.90 million. Kaman posted sales of $447.05 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The company is scheduled to announce its next earnings results on Thursday, October 25th.
On average, analysts expect that Kaman will report full-year sales of $1.92 billion for the current year, with estimates ranging from $1.91 billion to $1.93 billion. For the next financial year, analysts expect that the firm will report sales of $2.03 billion per share, with estimates ranging from $2.03 billion to $2.04 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Kaman.
Kaman (NYSE:KAMN) last released its earnings results on Wednesday, August 8th. The industrial products company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.08). Kaman had a net margin of 3.20% and a return on equity of 11.70%. The firm had revenue of $468.13 million during the quarter, compared to the consensus estimate of $471.75 million. During the same period in the prior year, the business earned $0.48 earnings per share. Kaman’s quarterly revenue was up 4.3% compared to the same quarter last year.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Kaman from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. assumed coverage on shares of Kaman in a report on Thursday, July 12th. They issued a “neutral” rating and a $75.00 target price on the stock. Finally, ValuEngine lowered shares of Kaman from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Kaman presently has a consensus rating of “Hold” and an average price target of $72.00.
KAMN stock traded up $0.75 during mid-day trading on Thursday, hitting $64.90. The stock had a trading volume of 190,165 shares, compared to its average volume of 159,873. The company has a quick ratio of 1.74, a current ratio of 2.89 and a debt-to-equity ratio of 0.49. Kaman has a 52 week low of $50.94 and a 52 week high of $75.08. The firm has a market cap of $1.81 billion, a P/E ratio of 28.78 and a beta of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Tuesday, September 18th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, September 17th. Kaman’s dividend payout ratio is currently 35.87%.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Kaman by 6.6% during the 2nd quarter. BlackRock Inc. now owns 3,821,510 shares of the industrial products company’s stock valued at $266,322,000 after purchasing an additional 235,543 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kaman by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,409,951 shares of the industrial products company’s stock valued at $87,586,000 after purchasing an additional 6,318 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Kaman by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 1,185,800 shares of the industrial products company’s stock valued at $73,662,000 after purchasing an additional 3,000 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Kaman by 4.2% during the 2nd quarter. Northern Trust Corp now owns 549,716 shares of the industrial products company’s stock valued at $38,310,000 after purchasing an additional 22,266 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Kaman by 2.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 447,034 shares of the industrial products company’s stock valued at $27,770,000 after purchasing an additional 9,415 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.
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.
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