Kaman Co. (KAMN) Expected to Post Earnings of $0.94 Per Share

Brokerages expect Kaman Co. (NYSE:KAMN) to report earnings per share (EPS) of $0.94 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Kaman’s earnings, with estimates ranging from $0.90 to $0.97. Kaman posted earnings per share of $0.86 during the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, February 25th.

On average, analysts expect that Kaman will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.55 to $2.62. For the next year, analysts forecast that the company will report earnings of $3.68 per share, with EPS estimates ranging from $3.55 to $3.80. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Kaman.

Several brokerages recently issued reports on KAMN. JPMorgan Chase & Co. downgraded shares of Kaman from a “neutral” rating to an “underweight” rating and set a $56.86 target price for the company. in a research note on Friday, December 14th. ValuEngine upgraded shares of Kaman from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Zacks Investment Research downgraded shares of Kaman from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Finally, TheStreet downgraded shares of Kaman from a “b-” rating to a “c+” rating in a research note on Monday, December 24th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.95.

NYSE:KAMN traded up $0.42 during mid-day trading on Friday, hitting $61.02. The stock had a trading volume of 316,156 shares, compared to its average volume of 135,749. Kaman has a twelve month low of $51.34 and a twelve month high of $75.08. The company has a market capitalization of $1.71 billion, a P/E ratio of 27.36 and a beta of 0.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 2.70.

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kaman by 30.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,747 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 411 shares during the period. Tower Research Capital LLC TRC bought a new position in Kaman in the third quarter valued at approximately $104,000. O Shaughnessy Asset Management LLC bought a new position in Kaman in the third quarter valued at approximately $132,000. Oppenheimer Asset Management Inc. bought a new position in Kaman in the fourth quarter valued at approximately $220,000. Finally, Amalgamated Bank bought a new position in Kaman in the fourth quarter valued at approximately $243,000. 96.58% of the stock is currently owned by institutional investors.

About Kaman

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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