Kadant (KAI) Earning Somewhat Favorable News Coverage, Analysis Shows

News stories about Kadant (NYSE:KAI) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kadant earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.4254361659701 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of brokerages recently issued reports on KAI. ValuEngine cut Kadant from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Sidoti cut Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price on the stock. in a report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded Kadant from a “hold” rating to a “strong-buy” rating and set a $126.00 target price on the stock in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $104.67.

Kadant (NYSE:KAI) opened at $99.05 on Friday. Kadant has a twelve month low of $56.15 and a twelve month high of $114.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.35 and a quick ratio of 1.65. The stock has a market capitalization of $1,088.59, a price-to-earnings ratio of 24.60 and a beta of 1.36.

Kadant (NYSE:KAI) last issued its earnings results on Monday, October 30th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.35. Kadant had a return on equity of 14.84% and a net margin of 8.17%. The company had revenue of $152.79 million for the quarter, compared to analysts’ expectations of $141.33 million. During the same period last year, the business earned $0.81 EPS. Kadant’s quarterly revenue was up 44.8% compared to the same quarter last year. analysts predict that Kadant will post 4.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 11th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, January 10th. Kadant’s dividend payout ratio is currently 24.85%.

In other Kadant news, Director William P. Tully sold 1,250 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $89.60, for a total transaction of $112,000.00. Following the transaction, the director now directly owns 5,250 shares in the company, valued at approximately $470,400. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sandra L. Lambert sold 6,437 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $108.66, for a total value of $699,444.42. Following the transaction, the vice president now owns 20,942 shares in the company, valued at $2,275,557.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,287 shares of company stock worth $3,244,748. 5.59% of the stock is owned by company insiders.

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About Kadant

Kadant Inc is a supplier of equipment and components used in process industries. In addition, the Company manufactures granules made from papermaking by-products. Its segments include Papermaking Systems and Wood Processing Systems. The Company has a customer base, which includes paper and oriented strand board (OSB) manufacturers.

Insider Buying and Selling by Quarter for Kadant (NYSE:KAI)

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