Kadant (NYSE:KAI) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Kadant (NYSE:KAI - Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.17, Zacks reports. Kadant had a return on equity of 15.10% and a net margin of 11.12%. Kadant updated its Q1 2025 guidance to 1.850-2.050 EPS and its FY 2025 guidance to 9.700-10.050 EPS.

Kadant Stock Performance

KAI stock traded up $36.02 during midday trading on Friday, reaching $390.21. The stock had a trading volume of 587,263 shares, compared to its average volume of 75,445. The stock has a market cap of $4.58 billion, a PE ratio of 39.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.29. The firm has a fifty day simple moving average of $363.28 and a two-hundred day simple moving average of $348.92. Kadant has a 52-week low of $249.51 and a 52-week high of $429.95.

Insider Buying and Selling

In other Kadant news, Director Thomas C. Leonard sold 152 shares of Kadant stock in a transaction dated Tuesday, November 19th. The stock was 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 in the company, valued at approximately $1,692,392.50. This trade represents a 3.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Fredrik H. Westerhout sold 600 shares of Kadant stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $397.25, for a total value of $238,350.00. Following the transaction, the vice president now owns 1,437 shares of the company's stock, valued at $570,848.25. The trade was a 29.46 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and issued a $410.00 target price on shares of Kadant in a research note on Friday.

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.