FY2019 EPS Estimates for Kaman Co. (KAMN) Lifted by Northcoast Research

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Kaman Co. (NYSE:KAMN) – Research analysts at Northcoast Research boosted their FY2019 EPS estimates for Kaman in a research report issued on Tuesday, November 6th. Northcoast Research analyst R. Cieslak now expects that the industrial products company will earn $3.60 per share for the year, up from their previous estimate of $3.55.

Several other research analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Kaman from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Kaman from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, JPMorgan Chase & Co. began 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.

Shares of Kaman stock opened at $59.02 on Wednesday. The company has a current ratio of 2.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. Kaman has a 52-week low of $55.14 and a 52-week high of $75.08. The company has a market capitalization of $1.65 billion, a PE ratio of 26.47 and a beta of 0.73.

Kaman (NYSE:KAMN) last issued its earnings results on Thursday, November 1st. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). Kaman had a return on equity of 11.10% and a net margin of 2.40%. The firm had revenue of $443.06 million during the quarter, compared to the consensus estimate of $471.01 million. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Kaman by 6.6% in the second quarter. BlackRock Inc. now owns 3,821,510 shares of the industrial products company’s stock valued at $266,322,000 after acquiring an additional 235,543 shares in the last quarter. Northern Trust Corp boosted its holdings in Kaman by 4.2% in the second quarter. Northern Trust Corp now owns 549,716 shares of the industrial products company’s stock valued at $38,310,000 after acquiring an additional 22,266 shares in the last quarter. United Services Automobile Association boosted its holdings in Kaman by 381.1% in the second quarter. United Services Automobile Association now owns 354,133 shares of the industrial products company’s stock valued at $28,805,000 after acquiring an additional 280,518 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Kaman by 165.4% in the third quarter. Russell Investments Group Ltd. now owns 307,666 shares of the industrial products company’s stock valued at $20,546,000 after acquiring an additional 191,749 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Kaman by 16.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 255,910 shares of the industrial products company’s stock valued at $17,835,000 after acquiring an additional 36,770 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

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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Earnings History and Estimates for Kaman (NYSE:KAMN)

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