Analysts Expect Kadant Inc. (KAI) to Announce $1.08 EPS

Wall Street analysts expect that Kadant Inc. (NYSE:KAI) will report $1.08 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kadant’s earnings. The highest EPS estimate is $1.08 and the lowest is $1.07. Kadant reported earnings of $0.69 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 56.5%. The business is scheduled to report 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 year, with EPS estimates ranging from $4.37 to $4.40. For the next fiscal year, analysts anticipate that the company will post earnings of $4.86 per share, with EPS estimates ranging from $4.80 to $4.99. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Kadant.

Several equities research analysts have commented on the company. Zacks Investment Research downgraded Kadant from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine downgraded Kadant from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Kadant currently has a consensus rating of “Hold” and an average target price of $104.67.

In related news, VP Sandra L. Lambert sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $100.01, for a total transaction of $400,040.00. Following the transaction, the vice president now directly owns 19,257 shares in the company, valued at approximately $1,925,892.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eric T. Langevin sold 8,932 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $99.69, for a total value of $890,431.08. Following the transaction, the insider now owns 34,382 shares in the company, valued at $3,427,541.58. The disclosure for this sale can be found here. Insiders have sold a total of 26,819 shares of company stock valued at $2,674,705 over the last three months. 5.59% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Smith Asset Management Group LP acquired a new stake in Kadant during the 3rd quarter worth about $3,611,000. Virginia Retirement Systems ET AL acquired a new stake in Kadant during the 3rd quarter worth about $473,000. Alps Advisors Inc. acquired a new stake in Kadant during the 3rd quarter worth about $515,000. Cortina Asset Management LLC lifted its position in Kadant by 107.8% during the 3rd quarter. Cortina Asset Management LLC now owns 182,124 shares of the industrial products company’s stock worth $17,948,000 after acquiring an additional 94,500 shares during the period. Finally, EAM Investors LLC lifted its position in Kadant by 29.1% during the 3rd quarter. EAM Investors LLC now owns 60,938 shares of the industrial products company’s stock worth $6,005,000 after acquiring an additional 13,743 shares during the period. 90.49% of the stock is owned by institutional investors.

Shares of Kadant (KAI) traded down $1.50 during mid-day trading on Thursday, reaching $92.55. The company had a trading volume of 75,027 shares, compared to its average volume of 61,514. The stock has a market capitalization of $1,030.29, a PE ratio of 27.38 and a beta of 1.34. Kadant has a 12 month low of $56.15 and a 12 month high of $114.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.65 and a current ratio of 2.35.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 11th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Wednesday, January 10th. Kadant’s dividend payout ratio is currently 24.85%.

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About Kadant

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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