Kadant Inc. (NYSE:KAI) Expected to Announce Earnings of $2.08 Per Share

Wall Street brokerages predict that Kadant Inc. (NYSE:KAIGet Rating) will announce earnings per share (EPS) of $2.08 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kadant’s earnings, with the highest EPS estimate coming in at $2.15 and the lowest estimate coming in at $2.04. Kadant reported earnings per share of $1.43 during the same quarter last year, which would suggest a positive year-over-year growth rate of 45.5%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Kadant will report full-year earnings of $8.77 per share for the current year, with EPS estimates ranging from $8.64 to $9.00. For the next year, analysts anticipate that the business will post earnings of $9.60 per share, with EPS estimates ranging from $8.90 to $10.25. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Kadant.

Kadant (NYSE:KAIGet Rating) last released its quarterly earnings data on Wednesday, February 16th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.32. Kadant had a return on equity of 16.81% and a net margin of 10.69%. The business had revenue of $218.52 million for the quarter, compared to the consensus estimate of $215.09 million. During the same quarter in the previous year, the company posted $1.54 EPS. The company’s revenue was up 29.7% compared to the same quarter last year.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut Kadant from a “hold” rating to a “sell” rating in a report on Tuesday, February 22nd. StockNews.com assumed coverage on Kadant in a report on Thursday, March 31st. They issued a “buy” rating for the company.

In related news, VP Dara F. Mitchell sold 1,480 shares of the business’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $200.00, for a total transaction of $296,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stacy D. Krause sold 1,415 shares of the business’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $200.00, for a total value of $283,000.00. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the business. Riverbridge Partners LLC lifted its holdings in shares of Kadant by 10.2% in the 1st quarter. Riverbridge Partners LLC now owns 259,368 shares of the industrial products company’s stock worth $50,367,000 after buying an additional 23,906 shares during the period. Yarbrough Capital LLC lifted its holdings in shares of Kadant by 20.8% in the 1st quarter. Yarbrough Capital LLC now owns 2,032 shares of the industrial products company’s stock worth $395,000 after buying an additional 350 shares during the period. Barclays PLC lifted its holdings in shares of Kadant by 83.6% in the 4th quarter. Barclays PLC now owns 14,008 shares of the industrial products company’s stock worth $3,228,000 after buying an additional 6,379 shares during the period. BlackRock Inc. lifted its holdings in shares of Kadant by 2.2% in the 4th quarter. BlackRock Inc. now owns 788,752 shares of the industrial products company’s stock worth $181,792,000 after buying an additional 17,142 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in shares of Kadant in the 4th quarter worth $208,000. Institutional investors and hedge funds own 97.34% of the company’s stock.

Shares of Kadant stock opened at $198.02 on Thursday. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.73. The stock has a 50 day moving average price of $197.04 and a 200-day moving average price of $211.85. Kadant has a one year low of $163.17 and a one year high of $240.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 11th. Investors of record on Wednesday, April 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, April 12th. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. This is a boost from Kadant’s previous quarterly dividend of $0.25. Kadant’s payout ratio is presently 14.42%.

About Kadant (Get Rating)

Kadant Inc supplies technologies and engineered systems worldwide. It operates through 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, shower and fabric-conditioning systems, formation systems, and water-filtration systems.

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