$1.39 Earnings Per Share Expected for Kadant Inc. (KAI) This Quarter
Equities analysts expect Kadant Inc. (NYSE:KAI) to post earnings per share of $1.39 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Kadant’s earnings, with estimates ranging from $1.38 to $1.40. Kadant posted earnings of $1.49 per share during the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The company is scheduled to report its next quarterly earnings results on Monday, October 29th.
On average, analysts expect that Kadant will report full year earnings of $5.06 per share for the current year, with EPS estimates ranging from $5.05 to $5.09. For the next financial year, analysts expect that the company will post earnings of $5.88 per share, with EPS estimates ranging from $5.70 to $6.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Kadant.
Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.07. The company had revenue of $154.90 million for the quarter, compared to analyst estimates of $151.54 million. Kadant had a return on equity of 16.05% and a net margin of 6.15%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share.
NYSE KAI traded up $0.12 on Friday, reaching $94.94. 68,481 shares of the company were exchanged, compared to its average volume of 52,610. The firm has a market capitalization of $1.20 billion, a P/E ratio of 21.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.19 and a current ratio of 1.87. Kadant has a fifty-two week low of $90.65 and a fifty-two week high of $114.00.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 8th. Shareholders of record on Thursday, October 11th will be given a $0.22 dividend. The ex-dividend date is Wednesday, October 10th. This represents a $0.88 dividend on an annualized basis and a yield of 0.93%. Kadant’s dividend payout ratio is currently 19.60%.
In other Kadant news, Director Thomas C. Leonard sold 1,000 shares of Kadant stock in a transaction on Friday, September 21st. The stock was sold at an average price of $110.00, for a total value of $110,000.00. Following the sale, the director now owns 22,100 shares in the company, valued at $2,431,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John M. Albertine sold 4,500 shares of Kadant stock in a transaction on Monday, September 17th. The shares were sold at an average price of $103.15, for a total value of $464,175.00. Following the completion of the sale, the director now owns 10,740 shares in the company, valued at approximately $1,107,831. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock worth $1,089,175 in the last 90 days. Company insiders own 5.40% of the company’s stock.
A number of large investors have recently bought and sold shares of KAI. SG Americas Securities LLC raised its position in Kadant by 90.4% in the first quarter. SG Americas Securities LLC now owns 1,978 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 939 shares during the period. PEAK6 Investments L.P. purchased a new stake in Kadant in the second quarter valued at $207,000. Nisa Investment Advisors LLC purchased a new stake in shares of Kadant in the 2nd quarter valued at $212,000. Citadel Advisors LLC purchased a new stake in shares of Kadant in the 1st quarter valued at $232,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Kadant in the 2nd quarter valued at $236,000. Institutional investors own 97.60% of the company’s stock.
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.
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