NYSE:KAI - Kadant Stock Price, News, & Analysis

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$83.89 -0.35 (-0.42 %)
(As of 01/17/2019 11:22 AM ET)
Previous Close$84.24
Today's Range$83.89 - $84.57
52-Week Range$76.44 - $111.85
Volume3,168 shs
Average Volume67,758 shs
Market Capitalization$930.24 million
P/E Ratio18.73
Dividend Yield1.05%
Beta1.24
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.

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Industry, Sector and Symbol

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

Debt

Current Ratio1.88
Quick Ratio1.23

Price-To-Earnings

Sales & Book Value

Annual Sales$515.03 million
Price / Sales1.81
Cash Flow$6.3843 per share
Price / Cash Flow13.14
Book Value$30.21 per share
Price / Book2.78

Profitability

Net Income$31.09 million
Net Margins6.91%
Return on Assets7.27%

Miscellaneous

Employees2,400
Market Cap$930.24 million
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 Tuesday, December 4th. Stockholders of record on Wednesday, January 9th will be paid a dividend of $0.22 per share on Wednesday, February 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, January 8th. View Kadant's Dividend History.

How will Kadant's stock buyback program work?

Kadant announced that its Board of Directors has authorized a stock buyback program on Sunday, June 4th 2017, which allows the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its shares are undervalued.

How were Kadant's earnings last quarter?

Kadant Inc. (NYSE:KAI) posted its quarterly earnings results on Tuesday, October, 30th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.38 by $0.15. The industrial products company had revenue of $165.80 million for the quarter, compared to the consensus estimate of $164.72 million. Kadant had a return on equity of 15.90% and a net margin of 6.91%. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 earnings per share. View Kadant's Earnings History.

When is Kadant's next earnings date?

Kadant is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Kadant.

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?

2 brokers have issued twelve-month price objectives for Kadant's shares. Their forecasts range from $112.00 to $112.00. On average, they anticipate Kadant's share price to reach $112.00 in the next year. This suggests a possible upside of 33.5% from the stock's current price. 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 2 buy ratings 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?

News stories about KAI stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Kadant earned a news impact score of 2.6 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an impact on the company's share price in the next several days.

Who are some of Kadant's key competitors?

Who are Kadant's key executives?

Kadant's management team includes the folowing people:
  • Mr. Jonathan W. Painter, Pres, CEO & Director (Age 60)
  • Mr. Michael J. McKenney, Exec. VP & CFO (Age 57)
  • Mr. Eric T. Langevin, Exec. VP & Co-COO (Age 56)
  • Mr. Jeffrey L. Powell, Exec. VP & Co-COO (Age 60)
  • Ms. Deborah S. Selwood, VP & Chief Accounting Officer (Age 50)

Who are Kadant's major shareholders?

Kadant's stock is owned by many different of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.47%) and Meeder Asset Management Inc. (0.01%). 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 Confluence Investment Management LLC. Company insiders that have sold Kadant company stock in the last year include 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 Meeder Asset Management Inc.. 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 $83.89.

How big of a company is Kadant?

Kadant has a market capitalization of $930.24 million 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?

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]


MarketBeat Community Rating for Kadant (NYSE KAI)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  188 (Vote Outperform)
Underperform Votes:  234 (Vote Underperform)
Total Votes:  422
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.
This page was last updated on 1/17/2019 by MarketBeat.com Staff

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