Equities analysts predict that Kadant Inc (NYSE:KAI) will post earnings per share of $0.91 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kadant’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.94. Kadant reported earnings per share of $0.89 in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Kadant will report full-year earnings of $3.38 per share for the current financial year, with EPS estimates ranging from $3.37 to $3.40. For the next fiscal year, analysts forecast that the business will post earnings of $3.76 per share, with EPS estimates ranging from $3.71 to $3.80. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Kadant.

Kadant (NYSE:KAI) last issued its earnings results on Tuesday, May 2nd. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.16. Kadant had a return on equity of 12.35% and a net margin of 8.12%. The business had revenue of $102.86 million during the quarter, compared to the consensus estimate of $99.30 million.

KAI has been the topic of several recent research reports. Zacks Investment Research upgraded Kadant from a “sell” rating to a “hold” rating and set a $80.00 price objective on the stock in a research report on Monday, May 1st. Barrington Research upped their price objective on Kadant from $80.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Sidoti restated a “buy” rating and issued a $95.00 price objective (up from $85.00) on shares of Kadant in a research report on Saturday, June 3rd. Finally, William Blair upgraded Kadant from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $73.60.

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Shares of Kadant (KAI) traded down 1.28% during mid-day trading on Friday, hitting $77.15. The company’s stock had a trading volume of 87,405 shares. The company has a market cap of $848.65 million, a PE ratio of 25.22 and a beta of 1.35. Kadant has a 12-month low of $49.20 and a 12-month high of $81.55. The stock has a 50-day moving average of $77.26 and a 200-day moving average of $66.38.

Kadant announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 17th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Thursday, July 13th will be given a $0.21 dividend. The ex-dividend date is Tuesday, July 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.09%. Kadant’s dividend payout ratio is currently 27.45%.

Institutional investors have recently added to or reduced their stakes in the stock. BTIM Corp. acquired a new position in Kadant during the second quarter valued at approximately $7,562,000. Handelsinvest Investeringsforvaltning raised its position in Kadant by 73.2% in the second quarter. Handelsinvest Investeringsforvaltning now owns 133,200 shares of the industrial products company’s stock valued at $10,017,000 after buying an additional 56,300 shares during the last quarter. Handelsbanken Fonder AB raised its position in Kadant by 7.1% in the second quarter. Handelsbanken Fonder AB now owns 345,000 shares of the industrial products company’s stock valued at $25,944,000 after buying an additional 23,000 shares during the last quarter. Macquarie Group Ltd. raised its position in Kadant by 14.7% in the first quarter. Macquarie Group Ltd. now owns 558,797 shares of the industrial products company’s stock valued at $33,165,000 after buying an additional 71,662 shares during the last quarter. Finally, Credit Suisse AG raised its position in Kadant by 32.8% in the first quarter. Credit Suisse AG now owns 16,648 shares of the industrial products company’s stock valued at $988,000 after buying an additional 4,110 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Kadant Company Profile

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.

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Earnings History and Estimates for Kadant (NYSE:KAI)

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