Kadant (KAI) Scheduled to Post Quarterly Earnings on Tuesday

Kadant (NYSE:KAI) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Kadant to post earnings of $1.96 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kadant (NYSE:KAI) last released its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.31. The firm had revenue of $238.68 million during the quarter, compared to analyst estimates of $227.54 million. Kadant had a return on equity of 16.20% and a net margin of 12.12%. On average, analysts expect Kadant to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Kadant Stock Performance

NYSE:KAI opened at $282.37 on Friday. The firm has a market cap of $3.32 billion, a PE ratio of 28.52 and a beta of 1.27. Kadant has a fifty-two week low of $183.49 and a fifty-two week high of $354.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.34 and a current ratio of 2.05. The business has a 50 day moving average price of $312.84 and a 200-day moving average price of $281.37.

Kadant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 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 0.45%. The ex-dividend date of this dividend is Tuesday, April 9th. This is a positive change from Kadant’s previous quarterly dividend of $0.29. Kadant’s dividend payout ratio is 12.93%.

Insider Buying and Selling at Kadant

In other Kadant news, Director Thomas C. Leonard sold 217 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $323.81, for a total transaction of $70,266.77. Following the completion of the transaction, the director now owns 11,080 shares of the company’s stock, valued at $3,587,814.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Stacy D. Krause sold 700 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $327.00, for a total transaction of $228,900.00. Following the completion of the transaction, the senior vice president now directly owns 881 shares in the company, valued at $288,087. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas C. Leonard sold 217 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $323.81, for a total value of $70,266.77. Following the transaction, the director now owns 11,080 shares of the company’s stock, valued at $3,587,814.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,798 shares of company stock valued at $2,899,004. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on KAI. StockNews.com lowered Kadant from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Barrington Research reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Kadant in a research note on Wednesday, February 14th.

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.