Kadant (NYSE:KAI - Get Free Report) is scheduled to post 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.
Kadant (NYSE:KAI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.38. The company had revenue of $275.00 million during the quarter, compared to analyst estimates of $263.50 million. Kadant had a net margin of 11.35% and a return on equity of 15.48%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $2.54 earnings per share. On average, analysts expect Kadant to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
NYSE KAI opened at $317.97 on Friday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 32.71 and a beta of 1.21. The company has a 50 day moving average of $321.68 and a 200-day moving average of $304.60. The company has a current ratio of 2.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.42. Kadant has a 1-year low of $214.21 and a 1-year high of $363.40.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, October 10th. Kadant's payout ratio is 13.17%.
Several research firms have recently commented on KAI. Barrington Research reissued an "outperform" rating and set a $360.00 price target on shares of Kadant in a research note on Friday, September 20th. DA Davidson increased their price target on shares of Kadant from $290.00 to $300.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st.
Check Out Our Latest Research Report on Kadant
In other Kadant news, Director Thomas C. Leonard sold 2,000 shares of the firm's 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 transaction, the director now directly owns 4,250 shares of the company's stock, valued at approximately $1,433,950. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.
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.
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