Kaman Corp. (KAMN) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Kaman Corp. (NASDAQ:KAMN) issued its quarterly earnings data on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01, AnalystRatingsNetwork.com reports. The company had revenue of $413.90 million for the quarter, compared to the consensus estimate of $397.30 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis.
Shares of Kaman Corp. (NASDAQ:KAMN) opened at 39.50 on Tuesday. Kaman Corp. has a 52 week low of $32.16 and a 52 week high of $42.28. The stock has a 50-day moving average of $40.71 and a 200-day moving average of $39.23. The company has a market cap of $1.075 billion and a price-to-earnings ratio of 18.90.
On a related note, analysts at Drexel Hamilton upgraded shares of Kaman Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. They now have a $46.00 price target on the stock, up previously from $40.00.
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates in two business segments: Distribution and Aerospace.
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