Kadant (KAI) Given News Sentiment Rating of -0.01
News articles about Kadant (NYSE:KAI) have been trending somewhat negative on Thursday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kadant earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 34 out of 100, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Seaport Global Securities Comments on Kadant Inc’s Q4 2017 Earnings (NYSE:KAI) (americanbankingnews.com)
- Analyzing Altra Industrial Motion Corp. (AIMC) and Kadant (NYSE:KAI) (americanbankingnews.com)
- Kadant Inc. : Investor Network: Kadant, Inc to Host Earnings Call (4-traders.com)
- Kadant Reports 2017 Second Quarter Results (finance.yahoo.com)
A number of brokerages recently weighed in on KAI. BidaskClub lowered shares of Kadant from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. William Blair raised shares of Kadant from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 3rd. Sidoti reaffirmed a “buy” rating and set a $95.00 price target (up previously from $85.00) on shares of Kadant in a research report on Saturday, June 3rd. Finally, Barrington Research lifted their price target on shares of Kadant from $80.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $73.60.
Kadant (KAI) traded down 3.96% during mid-day trading on Thursday, reaching $84.80. 105,447 shares of the company traded hands. The stock has a market capitalization of $932.88 million, a PE ratio of 27.71 and a beta of 1.36. The stock has a 50-day moving average of $76.92 and a 200 day moving average of $67.36. Kadant has a 52-week low of $49.19 and a 52-week high of $88.90.
Kadant (NYSE:KAI) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.13. Kadant had a return on equity of 12.92% and a net margin of 8.10%. The company had revenue of $110.24 million during the quarter, compared to the consensus estimate of $113.49 million. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Equities research analysts expect that Kadant will post $3.46 earnings per share for the current year.
Kadant announced that its board has authorized a share buyback program on Wednesday, May 17th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Thursday, July 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, July 11th. Kadant’s dividend payout ratio is currently 27.72%.
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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