Kadant (NYSE:KAI) Releases Q4 Earnings Guidance

Kadant (NYSE:KAI) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.90-2.10 for the period, compared to the consensus estimate of $2.31. The company issued revenue guidance of $252-260 million, compared to the consensus revenue estimate of $263.09 million.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KAI. DA Davidson lifted their target price on shares of Kadant from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Barrington Research restated an “outperform” rating and set a $360.00 target price on shares of Kadant in a research report on Friday, September 20th.

Kadant Trading Down 0.5 %

Shares of NYSE:KAI traded down $1.60 during trading on Tuesday, reaching $320.55. The stock had a trading volume of 40,994 shares, compared to its average volume of 80,787. The business has a fifty day moving average price of $322.11 and a 200-day moving average price of $304.90. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.42. The stock has a market cap of $3.76 billion, a P/E ratio of 32.98 and a beta of 1.21. Kadant has a fifty-two week low of $217.85 and a fifty-two week high of $363.40.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.38. The business had revenue of $275.00 million during the quarter, compared to analyst estimates of $263.50 million. Kadant had a net margin of 11.35% and a return on equity of 15.48%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.54 earnings per share. As a group, analysts anticipate that Kadant will post 9.93 earnings per share for the current fiscal year.

Kadant Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 10th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Thursday, October 10th. Kadant’s dividend payout ratio (DPR) is 13.17%.

Insiders Place Their Bets

In other Kadant 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 transaction of $674,800.00. Following the completion of the sale, the director now directly owns 4,250 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

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.