Kadant - KAI Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" KAI shares.
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2 brokerages have issued 1 year target prices for Kadant's shares. Their KAI share price forecasts range from $229.00 to $229.00. On average, they anticipate the company's stock price to reach $229.00 in the next year. This suggests a possible upside of 22.9% from the stock's current price.
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Kadant's stock was trading at $230.48 at the beginning of the year. Since then, KAI shares have decreased by 19.2% and is now trading at $186.29.
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Kadant saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 184,100 shares, an increase of 9.0% from the October 31st total of 168,900 shares. Based on an average daily volume of 47,600 shares, the short-interest ratio is currently 3.9 days. Approximately 1.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our KAI earnings forecast.

Kadant Inc. (NYSE:KAI) posted its quarterly earnings results on Tuesday, November, 1st. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.28. The industrial products company had revenue of $224.51 million for the quarter, compared to the consensus estimate of $217.42 million. Kadant had a trailing twelve-month return on equity of 18.08% and a net margin of 13.35%.

Kadant announced a quarterly dividend on Thursday, November 17th. Stockholders of record on Thursday, January 5th will be paid a dividend of $0.26 per share on Thursday, February 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Wednesday, January 4th.
Read our dividend analysis for KAI.

Kadant (NYSE:KAI) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.57%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 10.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KAI will have a dividend payout ratio of 11.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KAI.

Kadant updated its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of $1.90-$2.07 for the period, compared to the consensus earnings per share estimate of $2.34. The company issued revenue guidance of $217.00 million-$223.00 million, compared to the consensus revenue estimate of $234.00 million.

7 employees have rated Kadant Chief Executive Officer Jonathan W. (Jon) Painter on Glassdoor.com. Jonathan W. (Jon) Painter has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kadant investors own include Pfizer (PFE), AbbVie (ABBV), Altria Group (MO), Exxon Mobil (XOM), A. O. Smith (AOS), Eastman Chemical (EMN), Corning (GLW), Coca-Cola (KO), NVIDIA (NVDA) and ResMed (RMD).

Kadant trades on the New York Stock Exchange (NYSE) under the ticker symbol "KAI."

Kadant's stock is owned by many different retail and institutional investors. Top institutional investors include Neuberger Berman Group LLC (7.37%), BlackRock Inc. (6.94%), Vanguard Group Inc. (5.34%), Chevy Chase Trust Holdings LLC (4.93%), Royce & Associates LP (4.30%) and Macquarie Group Ltd. (3.65%). Insiders that own company stock include Dara F Mitchell, Eric T Langevin, Erin L Russell, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Stacy D Krause, Stacy D Krause, Thomas C Leonard and William P Tully.
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Shares of KAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KAI stock can currently be purchased for approximately $186.29.

Kadant (NYSE:KAI) has a market capitalization of $2.17 billion and generates $786.58 million in revenue each year. The industrial products company earns $84.04 million in net income (profit) each year or $10.19 on an earnings per share basis.

The company employs 2,900 workers across the globe.

Kadant's mailing address is ONE TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The official website for the company is www.kadant.com. The industrial products company can be reached via phone at (978) 776-2000, via email at mike.mckenney@kadant.com, or via fax at 978-635-1593.