Kadant (KAI) to Release Earnings on Tuesday

Kadant (NYSE:KAI) will announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.96 per share for the quarter.

Kadant (NYSE:KAI) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $2.41 EPS 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 firm had revenue of $238.68 million during the quarter, compared to analyst estimates 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 Stock Performance

NYSE:KAI traded up $0.89 during mid-day trading on Friday, reaching $280.47. The company’s stock had a trading volume of 4,052 shares, compared to its average volume of 90,826. The company has a current ratio of 2.05, a quick ratio of 1.34 and a debt-to-equity ratio of 0.14. Kadant has a 12-month low of $183.49 and a 12-month high of $354.02. The firm’s fifty day moving average price is $313.98 and its two-hundred day moving average price is $280.62. The stock has a market cap of $3.29 billion, a P/E ratio of 28.33 and a beta of 1.27.

Kadant Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 10th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This is an increase from Kadant’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 0.46%. Kadant’s payout ratio is presently 12.93%.

Insiders Place Their Bets

In other Kadant news, SVP Stacy D. Krause sold 881 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $327.00, for a total transaction of $288,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Kadant news, Director Jonathan W. Painter sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $330.25, for a total value of $2,311,750.00. Following the sale, the director now owns 7,615 shares of the company’s stock, valued at approximately $2,514,853.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Stacy D. Krause sold 881 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $327.00, for a total value of $288,087.00. The disclosure for this sale can be found here. Insiders sold a total of 8,798 shares of company stock worth $2,899,004 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KAI. Barrington Research reiterated an “outperform” rating and set a $300.00 price target on shares of Kadant in a research report on Wednesday, February 14th. StockNews.com downgraded Kadant from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

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.