Revenue Update on Kaman Corporation(NYSE:KAMN)

Kaman Corporation(NYSE:KAMN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $470.64M. Analysts estimated a revenue of $459.13M. Earnings per share were $0.64. Analysts had estimated an EPS of $0.64.

Kaman Corporation (KAMN) made into the market gainers list on Thursdays trading session with the shares advancing 0.28% or 0.12 points. Due to strong positive momentum, the stock ended at $43.17, which is also near the day’s high of $43.63. The stock began the session at $43.01 and the volume stood at 71,586 shares. The 52-week high of the shares is $44.27 and the 52 week low is $35.09. The company has a current market capitalization of $1,170 M and it has 2,70,91,541 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Philip A Goodrich (Sr VP, Corporate Development) sold 8,488 shares at $42.24 per share price.Also, 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.

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