Karman Holdings Inc. (NYSE:KRMN – Get Free Report)’s stock price was up 6.2% during mid-day trading on Tuesday after Guggenheim upgraded the stock to a strong-buy rating. The company traded as high as $36.34 and last traded at $36.8890. Approximately 1,093,114 shares traded hands during trading, a decline of 59% from the average daily volume of 2,677,028 shares. The stock had previously closed at $34.74.
Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 10th. Truist Financial dropped their price objective on Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Piper Sandler reissued an “overweight” rating and issued a $91.00 price objective (down from $114.00) on shares of Karman in a report on Friday, August 7th. Needham & Company LLC decreased their target price on shares of Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, BWS Financial reaffirmed a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.45.
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Karman Price Performance
The company has a fifty day simple moving average of $48.41 and a two-hundred day simple moving average of $63.70. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 127.69 and a beta of 0.47. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56.
Karman (NYSE:KRMN – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%.The company had revenue of $182.06 million for the quarter. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 58.2% compared to the same quarter last year. As a group, equities research analysts expect that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.
About Karman
Karman is an aerospace and defense company that develops and manufactures mission-critical components, structures and systems for space and defense applications. Its offerings support launch vehicles, satellites, hypersonic systems and other advanced aerospace platforms.
The company provides capabilities across engineered metallic and composite structures, precision components, propulsion-related products and other specialized assemblies. Karman serves government and commercial aerospace customers involved in space launch, national security and defense programs.
Operating through a portfolio of aerospace and defense businesses, Karman combines design, engineering and manufacturing capabilities for complex, high-performance applications.
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