Karman (NYSE:KRMN) Posts Earnings Results, Beats Expectations By $0.03 EPS

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

Karman Stock Up 2.4%

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on KRMN. Evercore ISI began coverage on shares of Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $38.00 price target on the stock. Royal Bank of Canada raised their price objective on shares of Karman from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. William Blair started coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating on the stock. Baird R W upgraded shares of Karman to a “strong-buy” rating in a research report on Monday, March 10th. Finally, Citigroup assumed coverage on shares of Karman in a report on Monday, March 10th. They set a “buy” rating and a $42.00 price objective on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $39.50.

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.