Media coverage about Kaman Corporation (NYSE:KAMN) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kaman Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.7806766959632 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- ETFs with exposure to Kaman Corp. : November 1, 2017 (finance.yahoo.com)
- Kaman Distribution Sales Down 2.5% in 3Q (mdm.com)
- Kaman Corp. :KAMN-US: Earnings Analysis: Q3, 2017 By the Numbers : October 31, 2017 (finance.yahoo.com)
- Edited Transcript of KAMN earnings conference call or presentation 27-Oct-17 12:30pm GMT (finance.yahoo.com)
Kaman Corporation (KAMN) traded up $0.58 during trading on Friday, hitting $56.42. 93,781 shares of the stock were exchanged, compared to its average volume of 116,706. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 29.03 and a beta of 0.73. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64.
Kaman Corporation (NYSE:KAMN) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The firm had revenue of $447.00 million during the quarter, compared to analyst estimates of $461.06 million. Kaman Corporation had a return on equity of 9.30% and a net margin of 2.90%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. research analysts expect that Kaman Corporation will post 2.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Tuesday, September 19th were paid a $0.20 dividend. The ex-dividend date was Monday, September 18th. This represents a $0.80 annualized dividend and a yield of 1.42%. Kaman Corporation’s payout ratio is currently 44.20%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Kaman Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday. BidaskClub upgraded shares of Kaman Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. Finally, Northcoast Research assumed coverage on shares of Kaman Corporation in a research note on Tuesday, July 25th. They set a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.67.
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In related news, Director Richard J. Swift sold 2,404 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $50.70, for a total value of $121,882.80. Following the completion of the transaction, the director now directly owns 19,937 shares in the company, valued at $1,010,805.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.38% of the company’s stock.
About Kaman Corporation
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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