Kadant (KAI) Scheduled to Post Quarterly Earnings on Tuesday

Kadant (NYSE:KAI) will be issuing its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $2.43 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Kadant (NYSE:KAI) last posted its quarterly earnings results 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 company had revenue of $275.00 million during the quarter, compared to the consensus estimate of $263.50 million. Kadant had a return on equity of 15.48% and a net margin of 11.35%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $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 NYSE KAI opened at $316.45 on Monday. The business has a 50 day simple moving average of $321.82 and a 200 day simple moving average of $304.73. Kadant has a 52 week low of $214.21 and a 52 week high of $363.40. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 32.56 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 10th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Thursday, October 10th. Kadant’s dividend payout ratio is 13.17%.

Insider Transactions at Kadant

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KAI. DA Davidson raised their price target on shares of Kadant from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Barrington Research restated an “outperform” rating and set a $360.00 target price on shares of Kadant in a report on Friday, September 20th.

Kadant Company Profile

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.