Q4 2023 EPS Estimates for Kaman Co. (NYSE:KAMN) Cut by Analyst

Kaman Co. (NYSE:KAMN) – Equities researchers at KeyCorp cut their Q4 2023 earnings estimates for shares of Kaman in a research note issued to investors on Tuesday, November 7th. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.15. The consensus estimate for Kaman’s current full-year earnings is $0.54 per share. KeyCorp also issued estimates for Kaman’s Q2 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.27 EPS, Q4 2024 earnings at $0.29 EPS, FY2024 earnings at $0.97 EPS and FY2025 earnings at $1.36 EPS.

A number of other equities analysts have also issued reports on KAMN. StockNews.com lowered shares of Kaman from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet lowered shares of Kaman from a “c” rating to a “d+” rating in a research report on Friday, November 3rd.

Kaman Stock Down 0.9 %

KAMN stock opened at $19.59 on Thursday. The firm has a 50 day moving average of $19.80 and a 200 day moving average of $21.82. The stock has a market capitalization of $552.83 million, a PE ratio of -11.39 and a beta of 1.05. The company has a quick ratio of 0.79, a current ratio of 1.39 and a debt-to-equity ratio of 0.56. Kaman has a 52 week low of $18.06 and a 52 week high of $26.51.

Institutional Investors Weigh In On Kaman

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in Kaman in the 1st quarter worth $51,000. US Bancorp DE boosted its stake in Kaman by 236.6% during the 2nd quarter. US Bancorp DE now owns 1,067 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 750 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Kaman by 99.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 714 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Kaman by 140.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 915 shares during the last quarter. Finally, FMR LLC boosted its stake in Kaman by 55.2% during the 1st quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 84.25% of the company’s stock.

Kaman Company Profile

Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following three segments: Engineered Products, Precision Products and Structures. The firm produces and markets proprietary aircraft bearings and components, super precision, miniature ball bearings, proprietary spring energized seals, springs and contacts, complex metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the U.S.