Wall Street analysts predict that Kadant Inc (NYSE:KAI) will report earnings per share (EPS) of $1.08 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Kadant’s earnings. The highest EPS estimate is $1.08 and the lowest is $1.07. Kadant posted earnings of $0.69 per share during the same quarter last year, which suggests a positive year over year growth rate of 56.5%. The company is expected to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Kadant will report full-year earnings of $4.39 per share for the current financial year, with EPS estimates ranging from $4.37 to $4.40. For the next financial year, analysts forecast that the business will post earnings of $4.86 per share, with EPS estimates ranging from $4.80 to $4.99. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Kadant.

Kadant (NYSE:KAI) last announced its quarterly earnings data on Monday, October 30th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.35. Kadant had a net margin of 8.17% and a return on equity of 14.84%. The firm had revenue of $152.79 million for the quarter, compared to analysts’ expectations of $141.33 million. During the same period last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 44.8% on a year-over-year basis.

KAI has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine cut shares of Kadant from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Sidoti cut shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price target on the stock. in a research report on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $104.67.

Kadant (NYSE KAI) opened at $101.55 on Friday. Kadant has a 52 week low of $56.15 and a 52 week high of $114.00. The stock has a market cap of $1,126.05, a P/E ratio of 25.45 and a beta of 1.37. The company has a quick ratio of 1.65, a current ratio of 2.35 and a debt-to-equity ratio of 0.84.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.83%. Kadant’s dividend payout ratio is 24.85%.

In other news, CEO Jonathan W. Painter sold 20,000 shares of Kadant stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $103.82, for a total transaction of $2,076,400.00. Following the transaction, the chief executive officer now directly owns 76,082 shares of the company’s stock, valued at $7,898,833.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William P. Tully sold 1,250 shares of Kadant stock in a transaction on Monday, September 18th. The stock was sold at an average price of $89.60, for a total transaction of $112,000.00. Following the transaction, the director now directly owns 5,250 shares in the company, valued at $470,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,687 shares of company stock worth $2,887,844. Insiders own 5.59% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. lifted its position in Kadant by 24.2% in the 2nd quarter. Citigroup Inc. now owns 1,411 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 275 shares in the last quarter. SG Americas Securities LLC bought a new stake in Kadant in the 2nd quarter valued at $127,000. BNP Paribas Arbitrage SA lifted its position in Kadant by 718.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,743 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 1,530 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Kadant in the 2nd quarter valued at $150,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Kadant in the 2nd quarter valued at $176,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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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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