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 Ratio0.70
Current Ratio2.10
Quick Ratio1.38
Price-To-Earnings
Trailing P/E Ratio20.65
Forward P/E Ratio18.83
P/E GrowthN/A
Sales & Book Value
Annual Sales$515.03 million
Price / Sales2.10
Cash Flow$6.3737 per share
Price / Cash15.36
Book Value$30.21 per share
Price / Book3.24
Profitability
EPS (Most Recent Fiscal Year)$4.49
Net Income$31.09 million
Net Margins5.88%
Return on Equity16.27%
Return on Assets7.57%
Miscellaneous
Employees2,400
Outstanding Shares11,030,000
Market Cap$1,079.64
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 Wednesday, May 16th. Investors of record on Thursday, July 12th will be paid a dividend of $0.22 per share on Thursday, August 9th. This represents a $0.88 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, July 11th. View Kadant's Dividend History.
How will Kadant's stock buyback program work?
Kadant declared that its Board of Directors has initiated a stock repurchase program on Sunday, June 4th 2017, which permits the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.
How were Kadant's earnings last quarter?
Kadant Inc. (NYSE:KAI) released its quarterly earnings data on Tuesday, May, 1st. The industrial products company reported $1.07 EPS for the quarter, topping the Zacks' consensus estimate of $0.96 by $0.11. The industrial products company earned $149.19 million during the quarter, compared to analysts' expectations of $145.42 million. Kadant had a net margin of 5.88% and a return on equity of 16.27%. Kadant's quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 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 issued an update on its FY18 earnings guidance on Monday, April, 30th. The company provided earnings per share (EPS) guidance of $5.15-5.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.02. The company issued revenue guidance of $625-635 million, compared to the consensus revenue estimate of $613.83 million.Kadant also updated its Q2 guidance to $0.95-1.00 EPS.
What price target have analysts set for KAI?
2 brokerages have issued 12-month price targets for Kadant's stock. Their forecasts range from $102.00 to $112.00. On average, they expect Kadant's share price to reach $107.00 in the next year. This suggests a possible upside of 9.3% from the stock's current price. View Analyst Ratings 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."
Who are some of Kadant's key competitors?
Some companies that are related to Kadant include Axon Enterprise (AAXN), SUMITOMO HEAVY/ADR (SOHVY), Bemis (BMS), MSA Safety (MSA), SiteOne Landscape Supply (SITE), Colfax (CFX), Regal Beloit (RBC), Proto Labs (PRLB), UniFirst (UNF), Meggitt (MGGT), Timken (TKR), Babcock International Group (BAB), RBC Bearings (ROLL), Tetra Tech (TTEK) and Stella-Jones (SJ).
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?
News coverage about KAI stock has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kadant earned a media sentiment score of 0.24 on Accern's scale. They also assigned press coverage about the industrial products company an impact score of 46.05 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Kadant's major shareholders?
Kadant's stock is owned by a number of of retail and institutional investors. Top institutional investors include Handelsbanken Fonder AB (4.49%), James Investment Research Inc. (0.19%), Xact Kapitalforvaltning AB (0.03%) and Nisa Investment Advisors LLC (0.02%). Company insiders that own Kadant stock include Eric T Langevin, Jeffrey L Powell, 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 buying Kadant stock?
KAI stock was bought by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, James Investment Research Inc., Nisa Investment Advisors LLC and Xact Kapitalforvaltning AB. 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 $97.90.
How big of a company is Kadant?
Kadant has a market capitalization of $1.08 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.
