Kaman Corporation (KAMN) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Kaman Corporation (KAMN) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.42. The company posted revenue of $451.20 million in the period, compared to analysts expectations of $434.16 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Kaman Corporation opened for trading at $42.27 and hit $42.38 on the upside on Monday, eventually ending the session at $42.23, with a gain of 0.33% or 0.14 points. The heightened volatility saw the trading volume jump to 85,199 shares. Company has a market cap of $1,141 M.

In a different news, on Mar 15, 2016, E Reeves Iii Callaway (director) sold 2,379 shares at $40.27 per share price. According to the SEC, on Mar 4, 2016, Robert D. Starr (CFO) purchased 2,150 shares at $40.33 per share price. On Mar 4, 2016, Neal J Keating (CEO) purchased 2,500 shares at $40.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Kaman Corporation is a diversified company that conducts business in the aerospace and distribution markets. The Company operates in two segments: Distribution and Aerospace. The Distribution segment is a power transmission motion control electrical and automation and fluid power industrial distributor. The Aerospace segment produces and markets aircraft bearings and components; metallic and composite aero structures for commercial military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the United States and allied militaries; subcontract helicopter work; support for its SH-2G Super Seasprite maritime helicopters and K-MAX manned and unmanned medium-to-heavy lift helicopters and engineering design analysis and certification services. Its brands include KAron and K-MAX. Its customers include the United States military Sikorsky Aircraft Corporation The Boeing Company Bell Helicopter Lockheed Martin and Raytheon.

Kaman Corporation

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