Kaman (NYSE:KAMN) Releases Earnings Results, Beats Estimates By $0.10 EPS


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Kaman (NYSE:KAMN) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10, MarketWatch Earnings reports. Kaman had a return on equity of 8.14% and a net margin of 0.14%. The firm had revenue of $171.60 million during the quarter, compared to analyst estimates of $167.90 million. During the same period last year, the company earned $0.48 EPS. Kaman’s quarterly revenue was down 17.2% compared to the same quarter last year. Kaman updated its FY 2021 guidance to 1.550-1.870 EPS and its FY21 guidance to $1.55-$1.87 EPS.

NYSE KAMN traded up $0.02 on Tuesday, reaching $53.25. 154,059 shares of the stock traded hands, compared to its average volume of 144,709. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.68 and a current ratio of 3.65. The company has a fifty day moving average price of $52.56 and a 200-day moving average price of $52.79. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 1,775.59 and a beta of 1.26. Kaman has a 12 month low of $29.48 and a 12 month high of $59.79.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 8th. Shareholders of record on Tuesday, March 16th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Monday, March 15th. Kaman’s dividend payout ratio (DPR) is presently 49.08%.

Separately, Zacks Investment Research raised Kaman from a “strong sell” rating to a “hold” rating in a research note on Friday.

Kaman Company Profile

Kaman Corporation, together with its subsidiaries, operates in the aerospace, medical, and industrial markets. The company produces and markets aircraft bearings and components; super precision miniature ball bearings; spring energized seals, springs, and contacts; and metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircrafts.

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Earnings History for Kaman (NYSE:KAMN)

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