Q4 EPS Estimates for Kadant Decreased by Barrington Research

Kadant Inc. (NYSE:KAI) – Barrington Research lowered their Q4 2024 earnings per share (EPS) estimates for shares of Kadant in a research report issued on Thursday, October 31st. Barrington Research analyst G. Prestopino now anticipates that the industrial products company will post earnings per share of $2.00 for the quarter, down from their previous forecast of $2.26. Barrington Research has a “Outperform” rating and a $360.00 price target on the stock. The consensus estimate for Kadant’s current full-year earnings is $9.99 per share. Barrington Research also issued estimates for Kadant’s Q1 2025 earnings at $2.47 EPS, Q2 2025 earnings at $3.06 EPS, Q4 2025 earnings at $2.20 EPS, Q1 2026 earnings at $2.70 EPS, Q2 2026 earnings at $3.33 EPS, Q3 2026 earnings at $3.37 EPS and FY2026 earnings at $11.83 EPS.

Separately, DA Davidson lifted their price objective on Kadant from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

Kadant Stock Performance

Shares of KAI opened at $333.06 on Friday. The company has a 50-day moving average of $323.33 and a two-hundred day moving average of $305.50. The stock has a market cap of $3.91 billion, a P/E ratio of 34.09 and a beta of 1.21. Kadant has a 12-month low of $217.85 and a 12-month high of $363.40. The company has a current ratio of 2.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.42.

Kadant (NYSE:KAI) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.41. The business had revenue of $271.61 million during the quarter, compared to analysts’ expectations of $266.38 million. Kadant had a return on equity of 15.41% and a net margin of 11.12%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $2.69 earnings per share.

Kadant Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 10th will be issued a $0.32 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.28 dividend on an annualized basis and a yield of 0.38%. Kadant’s dividend payout ratio (DPR) is 13.10%.

Insiders Place Their Bets

In other news, Director Thomas C. Leonard sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $337.40, for a total value of $674,800.00. Following the completion of the transaction, the director now owns 4,250 shares of the company’s stock, valued at $1,433,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Kadant

Institutional investors and hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in Kadant during the second quarter worth about $29,000. Park Place Capital Corp grew its holdings in shares of Kadant by 68.6% during the third quarter. Park Place Capital Corp now owns 204 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 83 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Kadant during the 3rd quarter worth approximately $74,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Kadant by 226.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 274 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 190 shares during the last quarter. Finally, Covestor Ltd boosted its position in Kadant by 31,600.0% during the 1st quarter. Covestor Ltd now owns 317 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 316 shares during the period. 96.13% of the stock is owned by institutional investors and hedge funds.

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.