Kadant (KAI) to Release Earnings on Tuesday

Kadant (NYSE:KAI) will be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Kadant to post earnings of $2.43 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

Kadant Trading Down 0.5 %

Shares of KAI opened at $316.45 on Friday. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 32.96 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.40 and a current ratio of 2.25. Kadant has a fifty-two week low of $214.21 and a fifty-two week high of $363.40. The firm has a 50 day moving average price of $321.82 and a 200-day moving average price of $304.67.

Kadant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th will be issued a $0.32 dividend. The ex-dividend date of this dividend 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 13.33%.

Insider Buying and Selling

In related news, Director Thomas C. Leonard sold 2,000 shares of Kadant stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $337.40, for a total value of $674,800.00. Following the transaction, the director now directly owns 4,250 shares of the company’s stock, valued at $1,433,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. DA Davidson boosted their price objective on shares of Kadant from $290.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Barrington Research reaffirmed an “outperform” rating and issued a $360.00 target price on shares of Kadant in a research note on Friday, September 20th.

About Kadant

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.