Media stories about Kaman (NYSE:KAMN) have trended positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kaman earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave headlines about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Several equities research analysts have recently commented on KAMN shares. KeyCorp raised Kaman from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research note on Thursday, January 5th. Gabelli lowered Kaman from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Zacks Investment Research lowered Kaman from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 4th. Finally, Longbow Research lowered Kaman from a “buy” rating to a “neutral” rating in a research note on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.00.
Shares of Kaman (NYSE:KAMN) traded down 0.85% during midday trading on Thursday, hitting $46.39. The stock had a trading volume of 167,545 shares. The company has a market cap of $1.26 billion, a P/E ratio of 22.09 and a beta of 0.88. The firm has a 50 day moving average of $48.91 and a 200-day moving average of $48.04. Kaman has a one year low of $40.43 and a one year high of $53.41.
Kaman (NYSE:KAMN) last issued its earnings results on Tuesday, February 28th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.14. Kaman had a return on equity of 11.86% and a net margin of 2.87%. The business earned $443.10 million during the quarter, compared to the consensus estimate of $444.81 million. During the same period in the prior year, the business earned $0.69 EPS. The business’s revenue was down 2.0% on a year-over-year basis. On average, analysts forecast that Kaman will post $2.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 6th. Shareholders of record on Tuesday, March 21st were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.71%. This is a boost from Kaman’s previous quarterly dividend of $0.18. Kaman’s dividend payout ratio (DPR) is currently 38.30%.
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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. Its Distribution segment is a power transmission, motion control, electrical and automation, and fluid power industrial distributor. It provides products, including bearings, mechanical and electrical power transmission, fluid power, motion control, automation, material handling components, electrical control and power distribution, and maintenance, repair and overhaul (MRO) supplies to a spectrum of industrial markets.
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