Kadant Inc. (KAI) Expected to Announce Earnings of $1.53 Per Share

Equities analysts expect that Kadant Inc. (NYSE:KAI) will post earnings per share (EPS) of $1.53 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Kadant’s earnings, with the lowest EPS estimate coming in at $1.51 and the highest estimate coming in at $1.55. Kadant posted earnings per share of $1.14 in the same quarter last year, which suggests a positive year over year growth rate of 34.2%. The company is scheduled to issue its next earnings results on Thursday, February 21st.

On average, analysts expect that Kadant will report full year earnings of $5.06 per share for the current year, with EPS estimates ranging from $5.05 to $5.09. For the next year, analysts expect that the firm will report earnings of $5.88 per share, with EPS estimates ranging from $5.70 to $6.10. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Kadant.

Kadant (NYSE:KAI) last posted its earnings results on Monday, October 29th. The industrial products company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.15. The firm had revenue of $165.80 million during the quarter, compared to analysts’ expectations of $164.72 million. Kadant had a net margin of 6.15% and a return on equity of 16.05%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 earnings per share.

A number of research analysts have recently commented on KAI shares. ValuEngine raised shares of Kadant from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Barrington Research reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Kadant in a research note on Monday, September 17th. Finally, Zacks Investment Research downgraded Kadant from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th.

In other news, CFO Michael J. Mckenney sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $103.00, for a total value of $515,000.00. Following the completion of the transaction, the chief financial officer now owns 11,624 shares of the company’s stock, valued at $1,197,272. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Albertine sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $103.15, for a total value of $464,175.00. Following the completion of the transaction, the director now directly owns 10,740 shares of the company’s stock, valued at approximately $1,107,831. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock valued at $1,089,175 in the last ninety days. 5.40% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems acquired a new stake in Kadant during the 3rd quarter valued at approximately $121,000. PEAK6 Investments L.P. acquired a new stake in shares of Kadant during the 2nd quarter worth approximately $207,000. Nisa Investment Advisors LLC bought a new position in shares of Kadant in the 2nd quarter worth $212,000. Milestone Group Inc. bought a new position in shares of Kadant in the 3rd quarter worth $216,000. Finally, GSA Capital Partners LLP bought a new position in shares of Kadant in the 2nd quarter worth $236,000. 91.50% of the stock is owned by institutional investors.

Shares of KAI stock traded up $2.92 on Tuesday, reaching $97.71. The company had a trading volume of 1,303 shares, compared to its average volume of 50,732. The stock has a market capitalization of $1.04 billion, a P/E ratio of 21.76 and a beta of 1.29. The company has a current ratio of 1.87, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. Kadant has a one year low of $90.65 and a one year high of $114.00.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Stockholders of record on Thursday, October 11th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, October 10th. Kadant’s dividend payout ratio is currently 19.60%.

About Kadant

Kadant Inc supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, as well as related equipment used in the processing of recyclable and waste materials; and fluid-handling systems and equipment used in industrial piping systems to compensate for movement, as well as to transfer fluid, power, and data.

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