What is William Blair's Estimate for Kadant FY2025 Earnings?

Key Points

• William Blair has revised its earnings per share estimate for Kadant in FY2025 to $9.20, slightly down from the previous forecast of $9.23, while the consensus estimate is $9.97 per share.
• Kadant's stock recently saw a drop of 7.1% and currently trades at around $333.07, with a market capitalization of $3.92 billion.
• The company announced a quarterly dividend of $0.34 per share, reflecting an annualized dividend yield of 0.4%, alongside the initiation of a $50 million stock buyback plan.

Kadant Inc (NYSE:KAI - Free Report) - Equities researchers at William Blair reduced their FY2025 earnings per share estimates for shares of Kadant in a research note issued on Wednesday, July 30th. William Blair analyst R. Sparenblek now forecasts that the industrial products company will post earnings of $9.20 per share for the year, down from their previous forecast of $9.23. The consensus estimate for Kadant's current full-year earnings is $9.97 per share. William Blair also issued estimates for Kadant's FY2026 earnings at $11.00 EPS.

A number of other research analysts also recently weighed in on the company. Barrington Research restated an "outperform" rating and issued a $380.00 price target on shares of Kadant in a research note on Tuesday, July 29th. Wall Street Zen upgraded Kadant from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, DA Davidson lifted their target price on Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a research note on Monday.

Kadant Stock Up 0.4%

Shares of NYSE KAI traded up $1.41 during mid-day trading on Friday, reaching $324.83. 34,545 shares of the company's stock were exchanged, compared to its average volume of 147,021. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 36.17 and a beta of 1.24. The company has a current ratio of 8.17, a quick ratio of 4.97 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $324.57 and a 200 day simple moving average of $335.21. Kadant has a twelve month low of $281.30 and a twelve month high of $429.95.

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

Kadant announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 15th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Kadant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, July 10th. Kadant's dividend payout ratio is presently 15.14%.

Institutional Trading of Kadant

A number of institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in Kadant by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 836 shares of the industrial products company's stock worth $282,000 after acquiring an additional 57 shares during the last quarter. Amalgamated Bank increased its holdings in Kadant by 736.5% in the 1st quarter. Amalgamated Bank now owns 3,346 shares of the industrial products company's stock worth $1,127,000 after purchasing an additional 2,946 shares in the last quarter. GAMMA Investing LLC increased its holdings in Kadant by 348.1% in the 1st quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company's stock worth $82,000 after purchasing an additional 188 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Kadant in the first quarter valued at about $111,000. Finally, Yousif Capital Management LLC acquired a new stake in shares of Kadant in the first quarter valued at about $1,475,000. 96.13% of the stock is currently owned by 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.