Zacks: Analysts Expect Kadant Inc. (NYSE:KAI) to Announce $1.97 Earnings Per Share

Brokerages forecast that Kadant Inc. (NYSE:KAIGet Rating) will announce earnings of $1.97 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Kadant’s earnings. The lowest EPS estimate is $1.91 and the highest is $2.01. Kadant posted earnings per share of $2.01 during the same quarter last year, which suggests a negative year over year growth rate of 2%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Kadant will report full year earnings of $8.90 per share for the current financial year, with EPS estimates ranging from $8.85 to $9.00. For the next year, analysts expect that the company will post earnings of $9.76 per share, with EPS estimates ranging from $9.13 to $10.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Kadant.

Kadant (NYSE:KAIGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.20. Kadant had a net margin of 12.93% and a return on equity of 18.31%. The firm had revenue of $226.48 million for the quarter, compared to analysts’ expectations of $215.17 million. During the same quarter in the prior year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was up 31.3% on a year-over-year basis.

A number of research analysts recently weighed in on KAI shares. Zacks Investment Research downgraded shares of Kadant from a “hold” rating to a “sell” rating in a research report on Tuesday, February 22nd. Barrington Research increased their price objective on shares of Kadant from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 5th. StockNews.com started coverage on shares of Kadant in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Seaport Res Ptn restated a “neutral” rating on shares of Kadant in a research report on Wednesday, May 4th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Kadant by 1.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,536 shares of the industrial products company’s stock valued at $654,000 after acquiring an additional 63 shares during the last quarter. FinTrust Capital Advisors LLC increased its holdings in shares of Kadant by 39.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 227 shares of the industrial products company’s stock worth $46,000 after buying an additional 64 shares during the last quarter. Horan Securities Inc. bought a new stake in shares of Kadant in the 4th quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in shares of Kadant during the 1st quarter worth about $26,000. Finally, USA Financial Portformulas Corp purchased a new position in shares of Kadant during the 4th quarter worth about $33,000. Institutional investors own 93.93% of the company’s stock.

Kadant stock traded down $0.70 during midday trading on Wednesday, reaching $185.89. 61 shares of the company traded hands, compared to its average volume of 35,950. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. The business has a 50 day moving average of $193.95 and a two-hundred day moving average of $210.00. Kadant has a 12 month low of $163.17 and a 12 month high of $240.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.73 and a quick ratio of 1.13.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 11th. Stockholders of record on Wednesday, April 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Tuesday, April 12th. This is a boost from Kadant’s previous quarterly dividend of $0.25. Kadant’s dividend payout ratio (DPR) is currently 11.17%.

Kadant Company Profile (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.

Featured Stories

Get a free copy of the Zacks research report on Kadant (KAI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kadant (NYSE:KAI)

Receive News & Ratings for Kadant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kadant and related companies with MarketBeat.com's FREE daily email newsletter.