Somewhat Positive Press Coverage Somewhat Unlikely to Affect Kadant (KAI) Share Price
News articles about Kadant (NYSE:KAI) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kadant earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.8217322817332 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
KAI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine lowered Kadant from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Sidoti lowered Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price for the company. in a research report on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $104.67.
Kadant (NYSE:KAI) opened at $100.10 on Wednesday. Kadant has a 52-week low of $56.15 and a 52-week high of $114.00. The stock has a market capitalization of $1,100.00, a P/E ratio of 29.70 and a beta of 1.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.35 and a quick ratio of 1.65.
Kadant (NYSE:KAI) last announced its earnings results on Monday, October 30th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.35. Kadant had a return on equity of 14.84% and a net margin of 8.17%. The firm had revenue of $152.79 million during the quarter, compared to analyst estimates of $141.33 million. During the same quarter in the prior year, the company earned $0.81 EPS. The business’s revenue was up 44.8% compared to the same quarter last year. research analysts expect that Kadant will post 4.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, January 10th. Kadant’s dividend payout ratio is currently 24.93%.
In related news, VP Sandra L. Lambert sold 6,437 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $108.66, for a total transaction of $699,444.42. Following the completion of the transaction, the vice president now owns 20,942 shares of the company’s stock, valued at approximately $2,275,557.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Mckenney sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $100.26, for a total value of $140,364.00. Following the transaction, the insider now directly owns 14,595 shares of the company’s stock, valued at approximately $1,463,294.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,556 shares of company stock valued at $3,285,012. 5.59% of the stock is owned by corporate insiders.
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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