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
Current SymbolNYSE:KAI
Previous Symbol
CUSIP48282T10
Phone978-776-2000
Debt
Debt-to-Equity Ratio0.54
Current Ratio1.88
Quick Ratio1.23
Price-To-Earnings
Trailing P/E Ratio21.00
Forward P/E Ratio18.74
P/E GrowthN/A
Sales & Book Value
Annual Sales$515.03 million
Price / Sales2.03
Cash Flow$6.0275 per share
Price / Cash15.64
Book Value$30.21 per share
Price / Book3.12
Profitability
EPS (Most Recent Fiscal Year)$4.49
Net Income$31.09 million
Net Margins6.91%
Return on Equity15.90%
Return on Assets7.27%
Miscellaneous
Employees2,400
Outstanding Shares11,110,000
Market Cap$1.11 billion
OptionableOptionable
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 declared a quarterly dividend on Thursday, September 13th. Stockholders of record on Thursday, October 11th will be paid a dividend of $0.22 per share on Thursday, November 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, October 10th. View Kadant's Dividend History.
How will Kadant's stock buyback program work?
Kadant announced that its Board of Directors has authorized a stock repurchase plan on Sunday, June 4th 2017, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
How were Kadant's earnings last quarter?
Kadant Inc. (NYSE:KAI) issued its quarterly earnings results on Tuesday, October, 30th. The industrial products company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.38 by $0.15. The industrial products company earned $165.80 million during the quarter, compared to analyst estimates of $164.72 million. Kadant had a net margin of 6.91% and a return on equity of 15.90%. Kadant's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.49 earnings per share. View Kadant's Earnings History.
When is Kadant's next earnings date?
What guidance has Kadant issued on next quarter's earnings?
Kadant updated its fourth quarter earnings guidance on Monday, October, 29th. The company provided EPS guidance of $1.33-1.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.53. Kadant also updated its FY 2018 guidance to $5.00-5.05 EPS.
What price target have analysts set for KAI?
1 analysts have issued 12-month price targets for Kadant's stock. Their forecasts range from $112.00 to $112.00. On average, they expect Kadant's share price to reach $112.00 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price. View Analyst Price Targets for Kadant.
What is the consensus analysts' recommendation for Kadant?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 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. 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) " (11/7/2018)
- 2. 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. Company Description Kadant, Inc. engages in designing and manufacturing products used in industries ranging from paper to plastics and textiles to tires. It operates through the Papermaking Systems and Wood Processing Systems business segment. The Papermaking Systems segment evelops, manufactures, and markets a range of equipment and products for the global papermaking, paper recycling, recycling and waste management, and other process industries. The Wood Processing Systems segment includes the production and marketing of stranders and related equipment used in the harvesting of oriented strand board, and lumber." (10/18/2018)
Has Kadant been receiving favorable news coverage?
Media headlines about KAI stock have been trending somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Kadant earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an impact on the company's share price in the immediate future.
Who are some of Kadant's key competitors?
Some companies that are related to Kadant include Bemis (BMS), GrafTech International (EAF), MSA Safety (MSA), RBC Bearings (ROLL), Kawasaki Heavy Industries (KWHIY), Cimpress (CMPR), G4S/ADR (GFSZY), SUMITOMO HEAVY/ADR (SOHVY), Graphic Packaging (GPK), EnerSys (ENS), Tetra Tech (TTEK), Proto Labs (PRLB), Regal Beloit (RBC), Kennametal (KMT) and Colfax (CFX).
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)
Who are Kadant's major shareholders?
Kadant's stock is owned by many different of institutional and retail investors. Top institutional investors include Wasatch Advisors Inc. (8.04%), BlackRock Inc. (7.69%), Macquarie Group Ltd. (5.68%), Dimensional Fund Advisors LP (5.53%), Handelsbanken Fonder AB (4.85%) and Handelsbanken Fonder AB (4.85%). 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 institutional investors are selling Kadant stock?
KAI stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, American Century Companies Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Brown Advisory Inc. and Northpointe Capital LLC. Company insiders that have sold Kadant company stock in the last year include Eric T Langevin, Jeffrey L Powell, John M Albertine, Michael J Mckenney, Sandra L Lambert, Thomas C Leonard and William P Tully. View Insider Buying and Selling for Kadant.
Which institutional investors are buying Kadant stock?
KAI stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Macquarie Group Ltd., Confluence Investment Management LLC, Handelsbanken Fonder AB, Handelsbanken Fonder AB, Loomis Sayles & Co. L P, SG Americas Securities LLC and Handelsinvest Investeringsforvaltning. 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 $96.35.
How big of a company is Kadant?
Kadant has a market capitalization of $1.11 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.
What is Kadant's official website?
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.
