Kadant (KAI) Issues Q4 Earnings Guidance

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Kadant (NYSE:KAI) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $1.33-1.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53. Kadant also updated its FY 2018 guidance to $5.00-5.05 EPS.

NYSE KAI traded up $3.13 during trading hours on Tuesday, hitting $97.92. The company’s stock had a trading volume of 1,187 shares, compared to its average volume of 50,732. Kadant has a 12 month low of $90.65 and a 12 month high of $114.00. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.73 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 (NYSE:KAI) last announced its earnings results on Monday, October 29th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.15. The business had revenue of $165.80 million for the quarter, compared to analysts’ expectations of $164.72 million. Kadant had a return on equity of 16.05% and a net margin of 6.15%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. On average, equities analysts predict that Kadant will post 5.06 earnings per share for the current fiscal year.

The company 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 annualized dividend and a yield of 0.90%. Kadant’s payout ratio is 19.60%.

KAI has been the topic of several research reports. ValuEngine raised Kadant from a hold rating to a buy rating in a research report on Tuesday, September 18th. Zacks Investment Research cut Kadant from a hold rating to a sell rating in a research report on Friday, August 3rd. Finally, Barrington Research set a $112.00 target price on Kadant and gave the stock a buy rating in a research report on Wednesday, August 1st.

In other news, Director John M. Albertine sold 4,500 shares of Kadant stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $103.15, for a total transaction of $464,175.00. Following the transaction, the director now directly owns 10,740 shares of the company’s stock, valued at approximately $1,107,831. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael J. Mckenney sold 5,000 shares of Kadant stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $103.00, for a total value of $515,000.00. Following the transaction, the chief financial officer now directly owns 11,624 shares in the company, valued at $1,197,272. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock worth $1,089,175 over the last three months. Insiders own 5.40% 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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