What is DA Davidson's Forecast for Kadant FY2025 Earnings?

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Kadant to $9.18, up from a previous estimate of $9.07, with a price target of $300.00 and a "Neutral" rating.
• Kadant recently reported quarterly earnings of $2.31 per share, exceeding consensus estimates and marking a revenue of $255.27 million for the quarter, although down 7.3% year-over-year.
• The company declared a quarterly dividend of $0.34, scheduled for payment on August 7th, indicating a 0.4% yield with a dividend payout ratio of 15.14%.

Kadant Inc (NYSE:KAI - Free Report) - Analysts at DA Davidson boosted their FY2025 earnings per share estimates for Kadant in a research note issued to investors on Tuesday, August 5th. DA Davidson analyst K. Yinger now forecasts that the industrial products company will post earnings per share of $9.18 for the year, up from their prior estimate of $9.07. DA Davidson has a "Neutral" rating and a $300.00 price objective on the stock. The consensus estimate for Kadant's current full-year earnings is $9.97 per share. DA Davidson also issued estimates for Kadant's FY2026 earnings at $10.13 EPS.

Other analysts also recently issued reports about the stock. Wall Street Zen raised shares of Kadant from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Barrington Research reiterated an "outperform" rating and set a $380.00 price target on shares of Kadant in a research report on Tuesday, July 29th.

Kadant Stock Down 0.5%

Shares of KAI stock opened at $323.80 on Thursday. Kadant has a fifty-two week low of $281.30 and a fifty-two week high of $429.95. The stock's 50-day simple moving average is $324.74 and its 200-day simple moving average is $335.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.97 and a current ratio of 8.17. The firm has a market capitalization of $3.81 billion, a PE ratio of 36.06 and a beta of 1.24.

Kadant (NYSE:KAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.37. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The company had revenue of $255.27 million for the quarter, compared to the consensus estimate of $245.99 million. During the same quarter in the previous year, the firm earned $2.81 EPS. Kadant's revenue was down 7.3% compared to the same quarter last year.

Kadant declared that its board has authorized a share repurchase program on Thursday, May 15th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Kadant Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 10th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. Kadant's dividend payout ratio (DPR) is currently 15.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in shares of Kadant in the first quarter valued at approximately $30,000. Maseco LLP acquired a new stake in Kadant during the 2nd quarter worth $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Kadant during the second quarter worth $31,000. Huntington National Bank raised its position in shares of Kadant by 148.0% in the second quarter. Huntington National Bank now owns 124 shares of the industrial products company's stock valued at $39,000 after buying an additional 74 shares during the last quarter. Finally, Optimum Investment Advisors raised its position in shares of Kadant by 50.0% in the first quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company's stock valued at $51,000 after buying an additional 50 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

About Kadant

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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