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NYSE:KAIKadant Stock Price, Forecast & News

$78.10
+3.86 (+5.20 %)
(As of 04/10/2020 06:13 AM ET)
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Today's Range
$75.94
Now: $78.10
$78.82
50-Day Range
$54.19
MA: $78.69
$99.55
52-Week Range
$52.71
Now: $78.10
$114.05
Volume41,800 shs
Average Volume77,252 shs
Market Capitalization$891.90 million
P/E Ratio17.16
Dividend Yield1.29%
Beta1.42
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, markets, and supplies debarkers, stranders, chippers, logging machinery, and related equipment 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; and provides material handling equipment and systems to various process industries. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Special industry machinery, except metalworking machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
CUSIP48282T10
Phone978-776-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$704.64 million
Cash Flow$8.97 per share
Book Value$37.89 per share

Profitability

Net Income$52.07 million

Miscellaneous

Employees2,800
Market Cap$891.90 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Kadant (NYSE:KAI) Frequently Asked Questions

How has Kadant's stock been impacted by COVID-19 (Coronavirus)?

Kadant's stock was trading at $77.34 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, KAI stock has increased by 1.0% and is now trading at $78.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Kadant?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Kadant.

When is Kadant's next earnings date?

Kadant is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Kadant.

How were Kadant's earnings last quarter?

Kadant Inc. (NYSE:KAI) issued its quarterly earnings results on Wednesday, February, 12th. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.28 by $0.04. The industrial products company had revenue of $182.70 million for the quarter, compared to analyst estimates of $173.38 million. Kadant had a return on equity of 15.27% and a net margin of 7.39%. Kadant's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $1.66 EPS. View Kadant's earnings history.

How often does Kadant pay dividends? What is the dividend yield for Kadant?

Kadant announced a quarterly dividend on Tuesday, March 3rd. Shareholders of record on Tuesday, April 7th will be given a dividend of $0.24 per share on Tuesday, May 5th. This represents a $0.96 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, April 6th. This is a positive change from Kadant's previous quarterly dividend of $0.23. View Kadant's dividend history.

What guidance has Kadant issued on next quarter's earnings?

Kadant updated its FY20 earnings guidance on Wednesday, February, 12th. The company provided earnings per share guidance of $5.00-5.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.97. The company issued revenue guidance of $6.90-700 million, compared to the consensus revenue estimate of $716.28 million.

What price target have analysts set for KAI?

4 brokerages have issued 12 month price objectives for Kadant's shares. Their forecasts range from $70.00 to $97.09. On average, they anticipate Kadant's share price to reach $82.52 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. View analysts' price targets for Kadant.

Has Kadant been receiving favorable news coverage?

News articles about KAI stock have trended very negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kadant earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutKadant.

Who are some of Kadant's key competitors?

What other stocks do shareholders of Kadant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kadant investors own include Pfizer (PFE), Comcast (CMCSA), Altria Group (MO), Exxon Mobil (XOM), Netflix (NFLX), Tractor Supply (TSCO), AbbVie (ABBV), The Coca-Cola (KO), Occidental Petroleum (OXY) and Southern (SO).

Who are Kadant's key executives?

Kadant's management team includes the following people:
  • Mr. Jonathan W. Painter, Pres, CEO & Director (Age 60)
  • Mr. Jeffrey L. Powell, Pres (Age 60)
  • Mr. Michael J. McKenney, Exec. VP & CFO (Age 57)
  • Mr. Eric T. Langevin, Exec. VP & COO (Age 56)
  • Ms. Stacy D. Krause, VP, Gen. Counsel & Sec. (Age 42)

What is Kadant's stock symbol?

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

Who are Kadant's major shareholders?

Kadant's stock is owned by a number of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.53%) and Private Trust Co. NA (0.05%). Company insiders that own Kadant stock include Eric T Langevin, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, 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 Confluence Investment Management LLC. 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, Thomas C Leonard, and William P Tully. View insider buying and selling activity for Kadant.

Which institutional investors are buying Kadant stock?

KAI stock was acquired by a variety of institutional investors in the last quarter, including Private Trust Co. NA. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Kadant's stock price today?

One share of KAI stock can currently be purchased for approximately $78.10.

How big of a company is Kadant?

Kadant has a market capitalization of $891.90 million and generates $704.64 million in revenue each year. The industrial products company earns $52.07 million in net income (profit) each year or $5.36 on an earnings per share basis. Kadant employs 2,800 workers across the globe. View additional information about Kadant.

What is Kadant's official website?

The official website for Kadant is http://www.kadant.com/.

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]

This page was last updated on 4/10/2020 by MarketBeat.com Staff

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