Kaman Corp. Hits New 52-Week High at $40.38 (KAMN)
Kaman Corp. (NASDAQ:KAMN) set a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork reports. The stock traded as high as $40.38 and last traded at $39.61, with a volume of 82,924 shares. The stock had previously closed at $38.92.
KAMN has been the subject of a number of recent research reports. Analysts at Jefferies Group upgraded shares of Kaman Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $48.00 price target on the stock.
Kaman Corp. has a 52 week low of $32.16 and a 52 week high of $40.35. The stock’s 50-day moving average is $38.94 and its 200-day moving average is $37.7. The company has a market cap of $1.074 billion and a price-to-earnings ratio of 18.05.
Kaman Corp. (NASDAQ:KAMN) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The company had revenue of $423.70 million for the quarter, compared to the consensus estimate of $451.41 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Kaman Corp. will post $2.22 EPS for the current fiscal year.
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates in two business segments: Distribution and Aerospace.
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