Brokerages predict that Kadant Inc. (NYSE:KAI) will report earnings of $1.11 per share for the current quarter, according to Zacks. Three analysts have made estimates for Kadant’s earnings, with the highest EPS estimate coming in at $1.13 and the lowest estimate coming in at $1.09. Kadant posted earnings of $1.07 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The firm is expected to announce its next earnings results on Monday, July 29th.

According to Zacks, analysts expect that Kadant will report full-year earnings of $5.31 per share for the current fiscal year, with EPS estimates ranging from $5.28 to $5.35. For the next fiscal year, analysts expect that the business will report earnings of $6.15 per share, with EPS estimates ranging from $5.83 to $6.37. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Kadant.

Kadant (NYSE:KAI) last posted its earnings results on Monday, April 29th. The industrial products company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.11. The company had revenue of $171.30 million for the quarter, compared to the consensus estimate of $164.37 million. Kadant had a return on equity of 17.26% and a net margin of 9.22%. Kadant’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share.

KAI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Seaport Global Securities downgraded Kadant from a “buy” rating to a “neutral” rating and set a $97.09 target price on the stock. in a research report on Thursday, May 2nd. Finally, ValuEngine upgraded XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $103.55.

KAI traded down $2.90 during trading on Wednesday, reaching $87.53. 45,900 shares of the stock were exchanged, compared to its average volume of 68,946. The stock’s 50 day moving average price is $88.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.07 and a quick ratio of 1.35. The firm has a market capitalization of $995.64 million, a P/E ratio of 16.20 and a beta of 1.24. Kadant has a 1 year low of $76.44 and a 1 year high of $111.85.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, July 10th. This represents a $0.92 dividend on an annualized basis and a yield of 1.05%.

In other Kadant news, Chairman Jonathan W. Painter sold 2,700 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $91.57, for a total transaction of $247,239.00. Following the sale, the chairman now directly owns 96,017 shares in the company, valued at $8,792,276.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Jonathan W. Painter sold 3,210 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $91.51, for a total value of $293,747.10. Following the sale, the chairman now owns 96,017 shares in the company, valued at $8,786,515.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,949 shares of company stock worth $7,392,752. 5.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its position in Kadant by 5.8% during the fourth quarter. First Trust Advisors LP now owns 35,863 shares of the industrial products company’s stock worth $2,921,000 after purchasing an additional 1,953 shares in the last quarter. LPL Financial LLC purchased a new stake in Kadant during the fourth quarter worth $306,000. PNC Financial Services Group Inc. purchased a new stake in Kadant during the fourth quarter worth $81,000. Bank of New York Mellon Corp boosted its position in Kadant by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 106,323 shares of the industrial products company’s stock worth $8,661,000 after purchasing an additional 5,487 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Kadant by 19.0% during the fourth quarter. Citigroup Inc. now owns 3,777 shares of the industrial products company’s stock worth $308,000 after purchasing an additional 603 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Kadant Company Profile

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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Earnings History and Estimates for Kadant (NYSE:KAI)

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