Kaman Corporation (KAMN) Releases Earnings Results, Reports EPS of $0.64 EPS

Kaman Corporation (KAMN) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.64 EPS for the quarter. Analysts had a consensus estimate of $0.64. The company posted revenue of $470.06 million in the period, compared to analysts expectations of $461.09 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Kaman Corporation closed down -0.18 points or -0.42% at $42.25 with 75,458 shares getting traded on Thursday. Post opening the session at $42.18, the shares hit an intraday low of $42.05 and an intraday high of $42.51 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 27, 2016, Philip A Goodrich (Sr VP, Corporate Development) sold 8,488 shares at $42.24 per share price. According to the SEC, on May 17, 2016, E Reeves Iii Callaway (director) sold 2,361 shares at $41.72 per share price. On May 11, 2016, Robert D. Starr (CFO) purchased 1,000 shares at $41.79 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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