Kadant (NYSE:KAI - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Kadant to post earnings of $2.08 per share and revenue of $257.44 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.
Kadant Trading Down 1.3 %
Shares of NYSE KAI traded down $4.84 during trading hours on Friday, hitting $364.54. The company's stock had a trading volume of 70,704 shares, compared to its average volume of 75,445. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.29. Kadant has a 12 month low of $249.51 and a 12 month high of $429.95. The business has a 50-day simple moving average of $367.55 and a 200-day simple moving average of $348.32. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 37.31 and a beta of 1.29.
Kadant Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, January 10th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.28 annualized dividend and a dividend yield of 0.35%. Kadant's payout ratio is 13.10%.
Analysts Set New Price Targets
Separately, Barrington Research boosted their price objective on shares of Kadant from $360.00 to $410.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th.
View Our Latest Stock Analysis on KAI
Insider Activity
In other Kadant news, Director Thomas C. Leonard sold 152 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $398.21, for a total transaction of $60,527.92. Following the completion of the transaction, the director now owns 4,250 shares of the company's stock, valued at $1,692,392.50. This represents a 3.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rebecca Martinez O'mara sold 300 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $392.59, for a total transaction of $117,777.00. Following the completion of the transaction, the director now directly owns 1,293 shares of the company's stock, valued at approximately $507,618.87. The trade was a 18.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,052 shares of company stock valued at $416,655 in the last 90 days. Company insiders own 1.40% of the company's stock.
Kadant Company Profile
(
Get Free Report)
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.
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