Analysts forecast that Kadant Inc. (NYSE:KAI) will post earnings of $1.51 per share for the current quarter, according to Zacks. Three analysts have made estimates for Kadant’s earnings, with estimates ranging from $1.42 to $1.59. Kadant posted earnings per share of $1.06 during the same quarter last year, which would indicate a positive year over year growth rate of 42.5%. The company is expected to report its next quarterly earnings results on Tuesday, July 27th.
According to Zacks, analysts expect that Kadant will report full year earnings of $6.07 per share for the current fiscal year, with EPS estimates ranging from $5.86 to $6.25. For the next fiscal year, analysts expect that the firm will post earnings of $6.67 per share, with EPS estimates ranging from $6.25 to $6.98. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Kadant.
Kadant (NYSE:KAI) last posted its quarterly earnings data on Tuesday, May 4th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $172.46 million during the quarter, compared to analyst estimates of $170.02 million. Kadant had a net margin of 7.35% and a return on equity of 12.57%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share.
A number of equities analysts recently commented on KAI shares. DA Davidson increased their price objective on Kadant from $115.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, February 19th. They noted that the move was a valuation call. Barrington Research increased their price target on Kadant from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 5th. Finally, Zacks Investment Research downgraded Kadant from a “buy” rating to a “hold” rating in a report on Wednesday, April 28th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Kadant presently has an average rating of “Hold” and an average target price of $161.25.
Shares of NYSE KAI traded down $1.83 during mid-day trading on Tuesday, reaching $170.96. The company had a trading volume of 29,368 shares, compared to its average volume of 42,548. The stock has a fifty day moving average of $181.25 and a two-hundred day moving average of $156.34. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.37 and a current ratio of 2.22. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 41.39, a PEG ratio of 3.54 and a beta of 1.38. Kadant has a 12-month low of $91.96 and a 12-month high of $189.40.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 12th. Shareholders of record on Wednesday, April 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 13th. This is a boost from Kadant’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Kadant’s dividend payout ratio (DPR) is presently 18.66%.
In other Kadant news, Director William P. Tully sold 929 shares of Kadant stock in a transaction on Monday, May 17th. The stock was sold at an average price of $172.91, for a total transaction of $160,633.39. Following the completion of the transaction, the director now directly owns 4,539 shares of the company’s stock, valued at $784,838.49. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stacy D. Krause sold 1,280 shares of Kadant stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $177.06, for a total value of $226,636.80. Following the transaction, the vice president now directly owns 2,751 shares of the company’s stock, valued at $487,092.06. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of Kadant by 5.1% in the fourth quarter. CWM LLC now owns 48,205 shares of the industrial products company’s stock valued at $6,796,000 after buying an additional 2,339 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Kadant by 13.1% in the third quarter. Sei Investments Co. now owns 24,830 shares of the industrial products company’s stock valued at $2,722,000 after buying an additional 2,880 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Kadant by 19.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 7,400 shares of the industrial products company’s stock valued at $1,043,000 after buying an additional 1,184 shares during the last quarter. Anchor Capital Advisors LLC bought a new position in shares of Kadant in the fourth quarter valued at about $358,000. Finally, Rhumbline Advisers raised its holdings in shares of Kadant by 2.7% in the fourth quarter. Rhumbline Advisers now owns 20,356 shares of the industrial products company’s stock valued at $2,870,000 after buying an additional 537 shares during the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.
Kadant Company Profile
Kadant Inc supplies critical components and engineered systems worldwide. It operates through three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables, consisting of doctor systems and holders, profiling systems, doctor blades, shower and fabric-conditioning systems, formation systems, and water-filtration systems.
See Also: Retained Earnings
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