Kadant (KAI) Receiving Somewhat Positive Media Coverage, Analysis Shows

Headlines about Kadant (NYSE:KAI) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kadant earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.0098522822819 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Shares of Kadant (NYSE KAI) traded down $0.65 during midday trading on Friday, reaching $100.40. The company’s stock had a trading volume of 38,369 shares, compared to its average volume of 59,034. The company has a market cap of $1,110.00, a price-to-earnings ratio of 29.79 and a beta of 1.37. The company has a current ratio of 2.35, a quick ratio of 1.65 and a debt-to-equity ratio of 0.84. Kadant has a 1-year low of $56.15 and a 1-year high of $114.00.

Kadant (NYSE:KAI) last released its quarterly earnings results on Monday, October 30th. The industrial products company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ 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 period in the previous year, the company posted $0.81 EPS. The business’s revenue for the quarter was up 44.8% compared to the same quarter last year. equities research analysts anticipate that Kadant will post 4.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 11th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, January 10th. Kadant’s dividend payout ratio is currently 24.93%.

KAI has been the subject of several research analyst reports. Zacks Investment Research upgraded Kadant from a “hold” rating to a “strong-buy” rating and set a $126.00 price target for the company in a report on Thursday, November 2nd. ValuEngine cut Kadant from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Finally, Sidoti cut Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price objective for the company. in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kadant currently has a consensus rating of “Buy” and a consensus price target of $104.67.

In other news, VP Sandra L. Lambert sold 6,437 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $108.66, for a total value of $699,444.42. Following the sale, the vice president now owns 20,942 shares in the company, valued at $2,275,557.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jonathan W. Painter sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $103.82, for a total value of $2,076,400.00. Following the completion of the sale, the chief executive officer now owns 76,082 shares in the company, valued at approximately $7,898,833.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,556 shares of company stock worth $4,980,118. Company insiders own 5.59% of the company’s stock.

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About Kadant

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.

Insider Buying and Selling by Quarter for Kadant (NYSE:KAI)

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