Karman (NYSE:KRMN) Releases Quarterly Earnings Results, Meets Estimates

Karman (NYSE:KRMN) posted its earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10, Zacks reports. Karman updated its FY 2025 guidance to EPS.

Karman Stock Down 5.8%

NYSE KRMN traded down $4.65 during trading hours on Thursday, hitting $75.08. 2,535,455 shares of the company were exchanged, compared to its average volume of 1,258,003. The company has a 50 day moving average of $71.28 and a two-hundred day moving average of $54.81. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30. Karman has a 52-week low of $25.02 and a 52-week high of $88.82. The firm has a market cap of $9.93 billion and a price-to-earnings ratio of 500.53.

Institutional Investors Weigh In On Karman

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. purchased a new stake in Karman during the 2nd quarter worth about $123,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Karman during the 2nd quarter worth about $299,000. Vident Advisory LLC acquired a new stake in shares of Karman during the 2nd quarter worth about $245,000. Select Equity Group L.P. raised its position in shares of Karman by 15.9% during the 2nd quarter. Select Equity Group L.P. now owns 227,129 shares of the company’s stock worth $11,440,000 after acquiring an additional 31,129 shares in the last quarter. Finally, Rafferty Asset Management LLC acquired a new stake in shares of Karman during the 2nd quarter worth about $293,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI increased their target price on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Raymond James Financial assumed coverage on Karman in a research note on Friday, September 5th. They set a “strong-buy” rating and a $100.00 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Karman in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their target price on Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Truist Financial initiated coverage on Karman in a research note on Friday, October 10th. They set a “buy” rating and a $89.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $71.50.

Karman Company Profile

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives.