Somewhat Positive Media Coverage Somewhat Unlikely to Impact Kadant (KAI) Stock Price
Press coverage about Kadant (NYSE:KAI) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kadant earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.0482186229405 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Kadant Inc (scrapmonster.com)
- ETFs with exposure to Kadant, Inc. : October 3, 2017 (finance.yahoo.com)
- Kadant (KAI) and Nordson Corporation (NDSN) Head to Head Analysis (americanbankingnews.com)
- Kadant Inc (KAI) Rating Lowered to Neutral at Sidoti (americanbankingnews.com)
- Kadant, Inc. :KAI-US: Earnings Analysis: Q2, 2017 By the Numbers : October 2, 2017 (finance.yahoo.com)
KAI has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub cut shares of Kadant from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Sidoti cut shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price objective on the stock. in a research note on Tuesday. Finally, ValuEngine upgraded shares of Kadant from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $95.33.
Shares of Kadant (KAI) opened at 97.80 on Friday. Kadant has a 52 week low of $49.20 and a 52 week high of $100.99. The company’s 50 day moving average is $90.55 and its 200-day moving average is $76.53. The company has a market capitalization of $1.08 billion, a PE ratio of 32.29 and a beta of 1.36.
Kadant (NYSE:KAI) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $110.24 million for the quarter, compared to analyst estimates of $113.49 million. Kadant had a return on equity of 12.68% and a net margin of 8.10%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. On average, analysts expect that Kadant will post $4.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Thursday, October 12th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, October 11th. Kadant’s dividend payout ratio (DPR) is presently 27.72%.
In other news, Director William P. Tully sold 1,250 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $89.60, for a total transaction of $112,000.00. Following the transaction, the director now owns 5,250 shares of the company’s stock, valued at $470,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.59% of the company’s stock.
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Kadant Company Profile
Kadant Inc is a supplier of equipment and components used in process industries. In addition, the Company manufactures granules made from papermaking by-products. Its segments include Papermaking Systems and Wood Processing Systems. The Company has a customer base, which includes paper and oriented strand board (OSB) manufacturers.
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