Kaman (KAMN) Stock

Kaman (KAMN) came out with quarterly earnings of $0.12 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.42 per share a year ago.

Kaman (KAMN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Aerospace and defense technology producer Kaman (NYSE: KAMN ) is skyrocketing today on news that it will be taken private. According to recent reports, the company has agreed to a take-private all-cash $1.8 billion deal with private equity firm Arcline Investment Management.

Kaman Corp.'s stock doubled in premarket trading Friday after it agreed to be taken private by Arcline Investment Management in a deal valued at $1.8 billion.

Private equity firm Arcline Investment Management has agreed to take Kaman private for $46 per share. This deal will be all cash and should close within the next six months.

Kaman Corporation (NYSE:KAMN ) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Corporate Participants Matthew Petterson - Chief Accounting Officer and Controller Ian Walsh - Chairman, President and Chief Executive Officer Carroll Lane - Senior Vice President and Interim Chief Financial Officer Conference Call Participants Tony Bancroft - GAMCO Investors, Inc., Jacob Moore - KeyBanc Capital Markets Operator Good day and thank you for standing by. Welcome to the Kaman Corporation Q3 2023 Conference Call.

Kaman operates in the aerospace and defense, medical, and industrial markets. Analysts expect a decline in earnings per share for Q3 2023, but the company has a history of beating estimates. Kaman pays a quarterly dividend of $0.20, bringing its yield to 4.28%. The dividend has not increased since 2017.

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2023 results after the stock market closes on Wednesday, November 1, 2023, and host a live webcast and conference call at 8:30 am ET on Thursday, November 2, 2023. A supplemental presentation relating to the third quarter 2023 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/quarterly-earnings-calls. Participants must regis.

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