Karman (NYSE:KRMN) Posts Earnings Results

Key Points

• Karman (NYSE:KRMN) reported **$0.10 earnings per share (EPS)** for the quarter, which was below analysts' expectations of **$0.11**.
• The company's **quarterly revenue** increased by **35.3%** year-over-year, prompting an update to its **FY 2025 guidance**.
• Despite the earnings miss, several analysts have issued **positive ratings**, with price targets ranging from **$50.00 to $58.00**, establishing a consensus rating of **"Buy"**.

Karman (NYSE:KRMN - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01), Zacks reports. The business's quarterly revenue was up 35.3% on a year-over-year basis. Karman updated its FY 2025 guidance to EPS.

Karman Stock Performance

Shares of Karman stock traded down $2.28 during trading on Friday, reaching $45.93. The company's stock had a trading volume of 3,047,074 shares, compared to its average volume of 2,238,787. The stock has a 50-day moving average of $48.36. The company has a quick ratio of 3.23, a current ratio of 3.34 and a debt-to-equity ratio of 1.15. Karman has a one year low of $25.02 and a one year high of $57.31.

Wall Street Analysts Forecast Growth

KRMN has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective on Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Citigroup reissued a "buy" rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a report on Monday, June 9th. Finally, Royal Bank Of Canada lifted their price objective on Karman from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday. Five investment 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 has a consensus rating of "Buy" and an average target price of $50.75.

Insiders Place Their Bets

In related news, insider Stephanie Sawhill sold 62,000 shares of Karman stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $3,038,000.00. Following the completion of the transaction, the insider directly owned 566,939 shares of the company's stock, valued at $27,780,011. The trade was a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jonathan Beaudoin sold 80,000 shares of Karman stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,920,000.00. Following the completion of the transaction, the chief operating officer directly owned 740,861 shares of the company's stock, valued at $36,302,189. This represents a 9.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,865,968 shares of company stock valued at $1,169,432,432.

Institutional Trading of Karman

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Karman in the first quarter worth about $532,000. Goldman Sachs Group Inc. acquired a new position in shares of Karman during the 1st quarter worth about $17,371,000. Finally, Millennium Management LLC acquired a new position in shares of Karman during the 1st quarter worth about $10,199,000.

About Karman

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.

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