Kadant (KAI) Set to Announce Quarterly Earnings on Tuesday

Kadant (NYSE:KAI - Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Kadant to post earnings of $2.43 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Kadant (NYSE:KAI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.38. Kadant had a return on equity of 15.48% and a net margin of 11.35%. The firm had revenue of $275.00 million for the quarter, compared to analysts' expectations of $263.50 million. During the same quarter in the prior year, the firm posted $2.54 earnings per share. Kadant's revenue for the quarter was up 12.2% compared to the same quarter last year. 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

Shares of NYSE KAI traded down $1.52 during trading on Friday, reaching $316.45. The stock had a trading volume of 33,205 shares, compared to its average volume of 81,216. The firm's 50 day moving average price is $321.68 and its two-hundred day moving average price is $304.60. Kadant has a one year low of $214.21 and a one year high of $363.40. The stock has a market cap of $3.72 billion, a PE ratio of 33.02 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.40 and a current ratio of 2.25.

Kadant Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.28 dividend on an annualized basis and a yield of 0.40%. Kadant's dividend payout ratio is currently 13.33%.

Analysts Set New Price Targets

Several research firms recently weighed in on KAI. DA Davidson upped their price objective 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 set a $360.00 target price on shares of Kadant in a research report on Friday, September 20th.

Insiders Place Their Bets

In other news, Director Thomas C. Leonard sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $337.40, for a total value of $674,800.00. Following the completion of the sale, the director now directly owns 4,250 shares of the company's stock, valued at $1,433,950. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company's stock.

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.