Brokerages forecast that Kadant Inc. (NYSE:KAI) will post $1.36 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Kadant’s earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.38. Kadant reported earnings of $1.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 19.3%. The business is expected to announce its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Kadant will report full-year earnings of $5.03 per share for the current fiscal year, with EPS estimates ranging from $5.01 to $5.05. For the next year, analysts expect that the business will report earnings of $5.83 per share, with EPS estimates ranging from $5.74 to $5.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Kadant.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.15. Kadant had a return on equity of 15.90% and a net margin of 6.91%. The company had revenue of $165.80 million during the quarter, compared to analysts’ expectations of $164.72 million. During the same quarter in the previous year, the business earned $1.49 EPS. Kadant’s revenue was up 8.5% compared to the same quarter last year.

KAI has been the topic of several recent analyst reports. ValuEngine raised Kadant from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Barrington Research reiterated a “buy” rating and set a $112.00 price target on shares of Kadant in a research report on Monday, September 17th. Zacks Investment Research downgraded Kadant from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Sidoti upgraded Kadant from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 11th.

Shares of KAI stock traded down $1.03 during mid-day trading on Tuesday, hitting $83.07. The stock had a trading volume of 686 shares, compared to its average volume of 78,197. Kadant has a 12-month low of $76.44 and a 12-month high of $111.85. The stock has a market capitalization of $918.91 million, a price-to-earnings ratio of 18.50 and a beta of 1.24. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 9th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $0.88 dividend on an annualized basis and a yield of 1.06%. Kadant’s dividend payout ratio is currently 19.60%.

In other news, Director William P. Tully sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $99.66, for a total value of $74,745.00. Following the transaction, the director now owns 6,025 shares in the company, valued at $600,451.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KAI. Ramsey Quantitative Systems acquired a new stake in shares of Kadant in the third quarter valued at approximately $121,000. PEAK6 Investments L.P. acquired a new stake in shares of Kadant in the second quarter valued at approximately $207,000. Milestone Group Inc. acquired a new stake in shares of Kadant in the third quarter valued at approximately $216,000. Wakefield Asset Management LLLP acquired a new stake in shares of Kadant in the third quarter valued at approximately $218,000. Finally, GSA Capital Partners LLP acquired a new stake in Kadant during the second quarter worth $236,000. Institutional investors and hedge funds own 91.39% of the company’s stock.

Kadant Company Profile

Kadant Inc supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, as well as related equipment used in the processing of recyclable and waste materials; and fluid-handling systems and equipment used in industrial piping systems to compensate for movement, as well as to transfer fluid, power, and data.

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