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. This segment also offers doctoring systems and equipment, and related consumables to enhance the operation of paper machines and other industrial processes; and filtration and cleaning systems for draining, purifying, and recycling process water, as well as cleaning fabrics, belts, and rolls in various process industries. The Wood Processing Systems segment develops, manufactures, and markets stranders, debarkers, chippers, and logging machinery used in the harvesting and production of lumber and oriented strand board, an engineered wood panel product used primarily in home construction. This segment also provides pulping equipment refurbishment and repair services for the pulp and paper industry. The company also manufactures and sells granules for use in turf and ornamental applications, and oil and grease absorption, as well as carriers for agricultural, home lawn and garden, and professional lawn applications. The company was formerly known as Thermo Fibertek Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was founded in 1991 and is headquartered in Westford, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Special industry machinery, except metalworking machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNYSE:KAI
CUSIP48282T10
Phone978-776-2000
Debt
Debt-to-Equity Ratio0.60
Current Ratio1.87
Quick Ratio1.19
Price-To-Earnings
Trailing P/E Ratio24.52
Forward P/E Ratio21.76
P/E GrowthN/A
Sales & Book Value
Annual Sales$515.03 million
Price / Sales2.37
Cash Flow$6.4386 per share
Price / Cash17.10
Book Value$30.21 per share
Price / Book3.64
Profitability
EPS (Most Recent Fiscal Year)$4.49
Net Income$31.09 million
Net Margins6.15%
Return on Equity16.05%
Return on Assets7.08%
Miscellaneous
Employees2,400
Outstanding Shares11,100,000
Market Cap$1.21 billion
Kadant (NYSE:KAI) Frequently Asked Questions
What is Kadant's stock symbol?
Kadant trades on the New York Stock Exchange (NYSE) under the ticker symbol "KAI."
How often does Kadant pay dividends? What is the dividend yield for Kadant?
Kadant announced a quarterly dividend on Thursday, September 13th. Stockholders of record on Thursday, October 11th will be given a dividend of $0.22 per share on Thursday, November 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, October 10th. View Kadant's Dividend History.
How will Kadant's stock buyback program work?
Kadant declared that its board has approved a stock repurchase plan on Sunday, June 4th 2017, which authorizes the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
How were Kadant's earnings last quarter?
Kadant Inc. (NYSE:KAI) announced its quarterly earnings data on Tuesday, July, 31st. The industrial products company reported $1.07 EPS for the quarter, topping the Zacks' consensus estimate of $1.00 by $0.07. The industrial products company had revenue of $154.90 million for the quarter, compared to analysts' expectations of $151.54 million. Kadant had a return on equity of 16.05% and a net margin of 6.15%. The firm's quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS. View Kadant's Earnings History.
When is Kadant's next earnings date?
What guidance has Kadant issued on next quarter's earnings?
Kadant issued an update on its FY18 earnings guidance on Monday, July, 30th. The company provided earnings per share (EPS) guidance of $5.00-$5.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.11. The company issued revenue guidance of $630-$638 million, compared to the consensus revenue estimate of $632.33 million.
What price target have analysts set for KAI?
2 equities research analysts have issued 1 year price objectives for Kadant's shares. Their predictions range from $102.00 to $112.00. On average, they expect Kadant's stock price to reach $107.00 in the next twelve months. This suggests that the stock has a possible downside of 2.8%. View Analyst Price Targets for Kadant.
What is the consensus analysts' recommendation for Kadant?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Kadant.
What are Wall Street analysts saying about Kadant stock?
Here are some recent quotes from research analysts about Kadant stock:
- 1. Barrington Research analysts commented, "We are reiterating our OUTPERFORM investment rating and price target of $112, based on the company’s strong parts and consumables revenue mix, solid free cash flow generation and sound capital allocation practices." (9/17/2018)
- 2. According to Zacks Investment Research, "Kadant Inc. is a leading supplier of a range of products and systems for the global papermaking and paper-recycling industries, including de-inking systems, stock-preparation equipment, water-management systems, and papermaking accessories. Through its majority-owned Thermo Fibergen subsidiary, the company also develops and commercializes composite building materials produced from natural fiber and recycled plastic. Kadant is a public subsidiary of Thermo Electron Corporation.(Press Release) " (8/3/2018)
Who are some of Kadant's key competitors?
Some companies that are related to Kadant include AGCO (AGCO), Graphic Packaging (GPK), Cimpress (CMPR), Weir Group (WEIR), Proto Labs (PRLB), Bemis (BMS), Adelaide Brighton (ABC), Colfax (CFX), Melrose Industries (MRO), MSA Safety (MSA), Timken (TKR), SUMITOMO HEAVY/ADR (SOHVY), John Bean Technologies (JBT), Tetra Tech (TTEK) and Axon Enterprise (AAXN).
Who are Kadant's key executives?
Kadant's management team includes the folowing people:
- Mr. Jonathan W. Painter, Pres, CEO & Director (Age 59)
- Mr. Michael J. McKenney, Exec. VP & CFO (Age 56)
- Mr. Eric T. Langevin, Exec. VP & Co-COO (Age 55)
- Mr. Jeffrey L. Powell, Exec. VP & Co-COO (Age 59)
- Ms. Deborah S. Selwood, VP & Chief Accounting Officer (Age 49)
Has Kadant been receiving favorable news coverage?
Media coverage about KAI stock has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kadant earned a news impact score of 0.18 on Accern's scale. They also assigned press coverage about the industrial products company an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View Recent Headlines for Kadant.
Who are Kadant's major shareholders?
Kadant's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.69%), Dimensional Fund Advisors LP (6.30%), Macquarie Group Ltd. (5.07%), Handelsbanken Fonder AB (4.49%), Royce & Associates LP (4.37%) and Wells Fargo & Company MN (4.37%). Company insiders that own Kadant stock include Eric T Langevin, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Sandra L Lambert, Thomas C Leonard and William P Tully. View Institutional Ownership Trends for Kadant.
Which major investors are selling Kadant stock?
KAI stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Epoch Investment Partners Inc., Northern Trust Corp, Eagle Asset Management Inc., Millennium Management LLC, Chartwell Investment Partners LLC, American Century Companies Inc. and Bank of New York Mellon Corp. Company insiders that have sold Kadant company stock in the last year include Eric T Langevin, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Sandra L Lambert and William P Tully. View Insider Buying and Selling for Kadant.
Which major investors are buying Kadant stock?
KAI stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., BTIM Corp., Handelsbanken Fonder AB, Renaissance Technologies LLC, Northpointe Capital LLC, Macquarie Group Ltd., Royce & Associates LP and Paradigm Capital Management Inc. NY. View Insider Buying and Selling for Kadant.
How do I buy shares of Kadant?
Shares of KAI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kadant's stock price today?
One share of KAI stock can currently be purchased for approximately $110.10.
How big of a company is Kadant?
Kadant has a market capitalization of $1.21 billion and generates $515.03 million in revenue each year. The industrial products company earns $31.09 million in net income (profit) each year or $4.49 on an earnings per share basis. Kadant employs 2,400 workers across the globe.
How can I contact Kadant?
Kadant's mailing address is ONE TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The industrial products company can be reached via phone at 978-776-2000 or via email at [email protected]
MarketBeat Community Rating for Kadant (NYSE KAI)
MarketBeat's community ratings are surveys of what our community members think about Kadant and other stocks. Vote "Outperform" if you believe KAI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KAI will underperform the S&P 500 over the long term. You may vote once every thirty days.
