Kadant (NYSE:KAI - Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.96 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.
Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.31. Kadant had a return on equity of 16.20% and a net margin of 12.12%. The company had revenue of $238.68 million for the quarter, compared to analysts' expectations of $227.54 million. On average, analysts expect Kadant to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Kadant Price Performance
Shares of KAI stock traded up $2.79 during mid-day trading on Friday, hitting $282.37. 63,707 shares of the stock traded hands, compared to its average volume of 91,588. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.34 and a current ratio of 2.05. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 28.52 and a beta of 1.27. The company's 50-day simple moving average is $312.84 and its 200-day simple moving average is $280.99. Kadant has a twelve month low of $183.49 and a twelve month high of $354.02.
Kadant Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 10th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.45%. This is a boost from Kadant's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 9th. Kadant's payout ratio is presently 12.93%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. StockNews.com cut Kadant from a "buy" rating to a "hold" rating in a report on Thursday, January 4th. Barrington Research restated an "outperform" rating and issued a $300.00 target price on shares of Kadant in a report on Wednesday, February 14th.
Read Our Latest Research Report on KAI
Insider Transactions at Kadant
In other news, Director Jonathan W. Painter sold 7,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $330.25, for a total value of $2,311,750.00. Following the completion of the sale, the director now owns 7,615 shares of the company's stock, valued at $2,514,853.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Jonathan W. Painter sold 7,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $330.25, for a total value of $2,311,750.00. Following the completion of the sale, the director now owns 7,615 shares of the company's stock, valued at $2,514,853.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas C. Leonard sold 217 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $323.81, for a total value of $70,266.77. Following the completion of the sale, the director now directly owns 11,080 shares of the company's stock, valued at approximately $3,587,814.80. The disclosure for this sale can be found here. Insiders sold a total of 8,798 shares of company stock valued at $2,899,004 over the last quarter. Company insiders own 1.40% of the company's stock.
About Kadant
(
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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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