Equities research analysts forecast that Kadant Inc (NYSE:KAI) will report sales of $144.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Kadant’s earnings, with the lowest sales estimate coming in at $143.00 million and the highest estimate coming in at $146.00 million. Kadant reported sales of $100.24 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 44.2%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Kadant will report full-year sales of $144.50 million for the current fiscal year, with estimates ranging from $509.00 million to $511.90 million. For the next financial year, analysts anticipate that the company will report sales of $590.35 million per share, with estimates ranging from $583.00 million to $597.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Kadant.

Kadant (NYSE:KAI) last posted its earnings results on Monday, October 30th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.35. Kadant had a net margin of 8.17% and a return on equity of 14.84%. The company had revenue of $152.79 million during the quarter, compared to analysts’ expectations of $141.33 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. Kadant’s revenue for the quarter was up 44.8% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Kadant from a “hold” rating to a “strong-buy” rating and set a $126.00 price target on the stock in a research note on Thursday, November 2nd. Sidoti lowered shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price target on the stock. in a research note on Tuesday, October 3rd. ValuEngine lowered shares of Kadant from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BidaskClub lowered shares of Kadant from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $104.67.

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Kadant (NYSE:KAI) traded up $0.60 during trading hours on Wednesday, reaching $102.40. 37,441 shares of the company were exchanged, compared to its average volume of 77,337. Kadant has a 12 month low of $56.15 and a 12 month high of $114.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.35 and a quick ratio of 1.65. The stock has a market capitalization of $1,130.00, a PE ratio of 24.85 and a beta of 1.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, January 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.82%. Kadant’s payout ratio is currently 24.93%.

In other news, CEO Jonathan W. Painter sold 20,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $103.82, for a total value of $2,076,400.00. Following the sale, the chief executive officer now owns 76,082 shares in the company, valued at $7,898,833.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sandra L. Lambert sold 6,437 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $108.66, for a total transaction of $699,444.42. Following the completion of the sale, the vice president now owns 20,942 shares in the company, valued at approximately $2,275,557.72. The disclosure for this sale can be found here. Insiders sold 27,687 shares of company stock worth $2,887,844 in the last quarter. Company insiders own 5.59% of the company’s stock.

Several large investors have recently added to or reduced their stakes in KAI. American International Group Inc. increased its stake in shares of Kadant by 7.1% in the first quarter. American International Group Inc. now owns 6,601 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 435 shares during the period. Teachers Advisors LLC increased its stake in shares of Kadant by 40.8% in the first quarter. Teachers Advisors LLC now owns 24,684 shares of the industrial products company’s stock worth $1,465,000 after acquiring an additional 7,157 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Kadant by 14.7% in the first quarter. TIAA CREF Investment Management LLC now owns 58,220 shares of the industrial products company’s stock worth $3,455,000 after acquiring an additional 7,479 shares during the period. Vanguard Group Inc. increased its stake in shares of Kadant by 4.5% in the first quarter. Vanguard Group Inc. now owns 455,242 shares of the industrial products company’s stock worth $27,019,000 after acquiring an additional 19,603 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Kadant by 5.1% in the first quarter. Geode Capital Management LLC now owns 120,698 shares of the industrial products company’s stock worth $7,163,000 after acquiring an additional 5,826 shares during the period. Hedge funds and other institutional investors own 92.09% of the company’s stock.

About Kadant

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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Earnings History and Estimates for Kadant (NYSE:KAI)

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