Kadant (NYSE:KAI) Updates Q4 2024 Earnings Guidance

Kadant (NYSE:KAI) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.900-2.100 for the period, compared to the consensus EPS estimate of 2.310. The company issued revenue guidance of $252.0 million-$260.0 million, compared to the consensus revenue estimate of $263.1 million. Kadant also updated its FY 2024 guidance to 9.930-10.130 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barrington Research reissued an “outperform” rating and issued a $360.00 target price on shares of Kadant in a report on Friday, September 20th. DA Davidson increased their target price on Kadant from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st.

Kadant Stock Performance

KAI stock traded down $1.60 during trading on Tuesday, reaching $320.55. The stock had a trading volume of 40,992 shares, compared to its average volume of 80,787. The firm has a market cap of $3.76 billion, a PE ratio of 32.98 and a beta of 1.21. The company has a current ratio of 2.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $322.11 and its two-hundred day moving average is $304.90. Kadant has a 52 week low of $217.85 and a 52 week high of $363.40.

Kadant (NYSE:KAI) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.38. Kadant had a net margin of 11.35% and a return on equity of 15.48%. The firm had revenue of $275.00 million during the quarter, compared to the consensus estimate of $263.50 million. During the same quarter in the previous year, the firm posted $2.54 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Kadant will post 9.93 earnings per share for the current year.

Kadant Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 10th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, October 10th. Kadant’s dividend payout ratio (DPR) is 13.17%.

Insider Transactions at Kadant

In other Kadant news, Director Thomas C. Leonard sold 2,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $1,433,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

About Kadant

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.