Kadant (KAI) Earns Daily Media Impact Score of 0.31
News articles about Kadant (NYSE:KAI) have trended positive on Thursday, AlphaOne reports. AlphaOne, a service of Accern, ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kadant earned a news sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned headlines about the industrial products company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Alpha One’s scoring:
- Zacks: Kadant Inc. (KAI) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- $99.3 Million in Sales Expected for Kadant Inc. (KAI) This Quarter (americanbankingnews.com)
- Kadant, Inc. : KAI-US: Dividend Analysis : April 13th, 2017 (record date) : By the numbers : April 17, 2017 (finance.yahoo.com)
- Kadant Inc. (KAI) Expected to Announce Earnings of $0.64 Per Share (americanbankingnews.com)
- Kadant (KAI) Receives Daily News Impact Score of 0.57 (americanbankingnews.com)
Kadant (NYSE:KAI) traded up 1.61% during trading on Thursday, hitting $59.95. 45,673 shares of the company traded hands. Kadant has a 12-month low of $45.06 and a 12-month high of $64.75. The firm has a market capitalization of $655.67 million, a P/E ratio of 20.82 and a beta of 1.30. The stock has a 50-day moving average price of $58.83 and a 200-day moving average price of $59.09.
Kadant (NYSE:KAI) last announced its quarterly earnings data on Thursday, February 23rd. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm earned $100.24 million during the quarter, compared to the consensus estimate of $102.96 million. Kadant had a return on equity of 13.36% and a net margin of 8.24%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Equities analysts expect that Kadant will post $3.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 11th. Shareholders of record on Thursday, April 13th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, April 11th. This is an increase from Kadant’s previous quarterly dividend of $0.19. Kadant’s dividend payout ratio is 24.28%.
Separately, Zacks Investment Research raised shares of Kadant from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th.
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Kadant Company Profile
Kadant Inc is a supplier of equipment and components used in process industries. In addition, the Company manufactures granules made from papermaking by-products. Its segments include Papermaking Systems and Wood Processing Systems. The Company has a customer base, which includes paper and oriented strand board (OSB) manufacturers.
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