Kadant (KAI) Set to Announce Quarterly Earnings on Tuesday

Kadant (NYSE:KAI) is scheduled to 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.

Kadant (NYSE:KAI) last announced its earnings results 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. Kadant had a net margin of 12.12% and a return on equity of 16.20%. The business had revenue of $238.68 million during the quarter, compared to the consensus estimate of $227.54 million. On average, analysts expect Kadant to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Kadant Trading Up 0.3 %

Shares of NYSE:KAI traded up $0.89 during trading hours on Friday, hitting $280.47. 4,052 shares of the company’s stock traded hands, compared to its average volume of 90,826. Kadant has a 1 year low of $183.49 and a 1 year high of $354.02. The business has a fifty day moving average price of $313.98 and a 200-day moving average price of $280.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.05 and a quick ratio of 1.34. The firm has a market capitalization of $3.29 billion, a P/E ratio of 28.33 and a beta of 1.27.

Kadant Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.46%. 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 (DPR) is 12.93%.

Insider Activity at Kadant

In other Kadant news, Director Jonathan W. Painter sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $330.25, for a total transaction of $2,311,750.00. Following the completion of the transaction, the director now owns 7,615 shares in the company, valued at $2,514,853.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jonathan W. Painter sold 7,000 shares of Kadant stock in a transaction on Friday, March 1st. The stock was sold at an average price of $330.25, for a total transaction of $2,311,750.00. Following the transaction, the director now directly owns 7,615 shares in the company, valued at approximately $2,514,853.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas C. Leonard sold 217 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $323.81, for a total transaction of $70,266.77. Following the transaction, the director now owns 11,080 shares in the company, valued at $3,587,814.80. The disclosure for this sale can be found here. Insiders have sold a total of 8,798 shares of company stock worth $2,899,004 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Kadant from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Barrington Research restated an “outperform” rating and set a $300.00 target price 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.