Kadant (KAI) Set to Announce Earnings on Tuesday
Kadant (NYSE:KAI) is set to release its Q2 earnings data on Tuesday, July 29th. Persons interested in listening to the company’s earnings conference call can do so using this link.
Kadant (NYSE:KAI) last released its earnings data on Tuesday, April 29th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.47. The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $95.93 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts expect Kadant to post $2.84 EPS for the current fiscal year and $3.07 EPS for the next fiscal year.
Kadant (NYSE:KAI) traded down 0.29% during mid-day trading on Monday, hitting $37.71. 6,549 shares of the company’s stock traded hands. Kadant has a one year low of $30.32 and a one year high of $41.95. The stock’s 50-day moving average is $38.16 and its 200-day moving average is $37.46. The company has a market cap of $421.4 million and a price-to-earnings ratio of 18.48.
Kadant Inc is a supplier of equipment used in the global papermaking and paper recycling industries and a manufacturer of granules made from papermaking byproducts.
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