Kadant (KAI) to Release Earnings on Tuesday

Kadant (NYSE:KAI) is set to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Kadant to post earnings of $2.43 per share for the quarter.

Kadant (NYSE:KAI) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.38. Kadant had a net margin of 11.35% and a return on equity of 15.48%. The business had revenue of $275.00 million for the quarter, compared to analyst estimates of $263.50 million. During the same period last year, the business posted $2.54 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts expect Kadant to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Kadant Trading Up 0.3 %

Shares of NYSE:KAI opened at $317.97 on Friday. Kadant has a 12 month low of $214.21 and a 12 month high of $363.40. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $321.68 and its 200 day simple moving average is $304.60. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 32.71 and a beta of 1.21.

Kadant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 10th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.40%. Kadant’s payout ratio is 13.17%.

Insider Activity

In other news, Director Thomas C. Leonard sold 2,000 shares of Kadant stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $337.40, for a total value of $674,800.00. Following the completion of the transaction, the director now owns 4,250 shares of the company’s stock, valued at $1,433,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. DA Davidson lifted their price target on shares of Kadant from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Barrington Research reiterated an “outperform” rating and issued a $360.00 price target on shares of Kadant in a research note on Friday, September 20th.

Kadant Company Profile

Kadant Inc supplies technologies and engineered systems worldwide. It operates in 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, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.