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


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Kaman (NYSE:KAMN) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10, MarketWatch Earnings reports. The company had revenue of $171.60 million during the quarter, compared to analyst estimates of $167.90 million. Kaman had a return on equity of 8.14% and a net margin of 0.14%. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. 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 during trading hours on Tuesday, hitting $53.25. The stock had a trading volume of 154,059 shares, compared to its average volume of 144,709. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 1,775.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.65 and a quick ratio of 2.68. The company has a 50 day simple moving average of $52.56 and a two-hundred day simple moving average of $52.79. Kaman has a one year low of $29.48 and a one year high of $59.79.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 8th. Investors of record on Tuesday, March 16th were issued 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 was Monday, March 15th. Kaman’s dividend payout ratio (DPR) is presently 49.08%.

Separately, Zacks Investment Research upgraded shares of 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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