Karman (NYSE:KRMN) Issues Earnings Results

Karman (NYSE:KRMN) announced its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03, Zacks reports.

Karman Stock Performance

NYSE KRMN opened at $40.20 on Wednesday. Karman has a 1 year low of $25.02 and a 1 year high of $40.49. The business’s 50-day moving average is $34.01.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KRMN. Royal Bank of Canada lifted their price objective on shares of Karman from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Baird R W raised shares of Karman to a “strong-buy” rating in a report on Monday, March 10th. Citigroup started coverage on shares of Karman in a report on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. William Blair began coverage on shares of Karman in a report on Monday, March 10th. They set an “outperform” rating for the company. Finally, Robert W. Baird initiated coverage on shares of Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $39.50.

Karman Company Profile

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives.