What is William Blair’s Forecast for Kadant FY2025 Earnings?

Kadant Inc (NYSE:KAI) – Equities research analysts at William Blair lowered their FY2025 earnings per share (EPS) estimates for shares of Kadant in a research note issued to investors on Wednesday, July 30th. William Blair analyst R. Sparenblek now expects that the industrial products company will earn $9.20 per share for the year, down from their previous forecast of $9.23. The consensus estimate for Kadant’s current full-year earnings is $9.97 per share. William Blair also issued estimates for Kadant’s FY2026 earnings at $11.00 EPS.

Other research analysts have also issued research reports about the company. DA Davidson dropped their price target on Kadant from $300.00 to $275.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Barrington Research reaffirmed an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a research note on Tuesday. Finally, Wall Street Zen upgraded Kadant from a “sell” rating to a “hold” rating in a report on Saturday, July 5th.

Kadant Stock Performance

Kadant stock opened at $323.47 on Friday. The company’s 50-day moving average price is $324.23 and its 200-day moving average price is $335.93. The company has a quick ratio of 1.62, a current ratio of 8.17 and a debt-to-equity ratio of 0.27. The company has a market cap of $3.81 billion, a PE ratio of 36.02 and a beta of 1.24. Kadant has a twelve month low of $281.30 and a twelve month high of $429.95.

Kadant (NYSE:KAI) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.37. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The company had revenue of $255.27 million for the quarter, compared to analysts’ expectations of $245.99 million. During the same quarter in the previous year, the business posted $2.81 earnings per share. Kadant’s quarterly revenue was down 7.3% on a year-over-year basis.

Institutional Trading of Kadant

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp boosted its stake in shares of Kadant by 1.7% during the fourth quarter. Synovus Financial Corp now owns 1,761 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 29 shares during the period. Maryland State Retirement & Pension System increased its stake in Kadant by 1.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 3,461 shares of the industrial products company’s stock worth $1,099,000 after buying an additional 34 shares during the period. Bank of Montreal Can lifted its holdings in Kadant by 3.2% during the 4th quarter. Bank of Montreal Can now owns 1,187 shares of the industrial products company’s stock valued at $410,000 after buying an additional 37 shares in the last quarter. Sheets Smith Wealth Management boosted its position in Kadant by 1.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,360 shares of the industrial products company’s stock valued at $749,000 after buying an additional 38 shares during the period. Finally, Apollon Wealth Management LLC grew its stake in Kadant by 2.2% in the 1st quarter. Apollon Wealth Management LLC now owns 1,795 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 39 shares in the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Kadant Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 10th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, July 10th. Kadant’s dividend payout ratio is presently 15.14%.

Kadant announced that its board has authorized a stock buyback plan on Thursday, May 15th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the industrial products company to buy up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.