Kadant (NYSE:KAI) Issues Q4 2024 Earnings Guidance

Kadant (NYSE:KAI) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.900-2.100 for the period, compared to the consensus EPS estimate of 2.310. The company issued revenue guidance of $252.0 million-$260.0 million, compared to the consensus revenue estimate of $263.1 million. Kadant also updated its FY 2024 guidance to 9.930-10.130 EPS.

Kadant Trading Down 0.8 %

Shares of Kadant stock traded down $2.65 on Thursday, hitting $333.06. 72,301 shares of the company traded hands, compared to its average volume of 80,851. The company has a market cap of $3.91 billion, a PE ratio of 34.27 and a beta of 1.21. The stock’s 50 day moving average price is $323.33 and its 200-day moving average price is $305.50. 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 has a 52 week low of $217.85 and a 52 week high of $363.40.

Kadant (NYSE:KAI) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.41. The company had revenue of $271.61 million for the quarter, compared to analyst estimates of $266.38 million. Kadant had a net margin of 11.35% and a return on equity of 15.48%. Kadant’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $2.69 earnings per share. Equities research analysts predict that Kadant will post 9.93 EPS for the current year.

Kadant Dividend Announcement

The company also recently declared 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. This represents a $1.28 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, October 10th. Kadant’s dividend payout ratio is currently 13.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KAI shares. DA Davidson lifted their price target on shares of Kadant from $290.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Barrington Research reaffirmed an “outperform” rating and issued a $360.00 price target on shares of Kadant in a report on Wednesday.

Insider Activity

In other news, Director Thomas C. Leonard sold 2,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $337.40, for a total transaction of $674,800.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

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.