Kaman (KAMN) Earning Somewhat Favorable News Coverage, Report Shows
Press coverage about Kaman (NYSE:KAMN) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kaman earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.5775005167857 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Kaman (KAMN) opened at $58.57 on Thursday. The stock has a market capitalization of $1,631.63, a price-to-earnings ratio of 32.36 and a beta of 0.75. Kaman has a 12-month low of $45.50 and a 12-month high of $60.43. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64.
Kaman (NYSE:KAMN) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The firm had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $461.06 million. Kaman had a return on equity of 9.30% and a net margin of 2.90%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. equities analysts forecast that Kaman will post 2.34 EPS for the current year.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Kaman from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. BidaskClub raised Kaman from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.50.
In other Kaman news, Director E Reeves Callaway III sold 2,697 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $56.41, for a total transaction of $152,137.77. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard J. Swift sold 1,235 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $56.00, for a total value of $69,160.00. Following the transaction, the director now owns 18,702 shares in the company, valued at $1,047,312. The disclosure for this sale can be found here. 2.38% of the stock is owned by company insiders.
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Kaman Company Profile
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.
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