Kadant (KAI) Releases Q4 2018 Earnings Guidance

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Kadant (NYSE:KAI) issued an update on its fourth quarter 2018 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.33-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.53. The company issued revenue guidance of $158-162 million, compared to the consensus revenue estimate of $167.31 million.Kadant also updated its FY 2018 guidance to $5.00-5.05 EPS.

KAI stock traded up $0.33 during trading on Wednesday, reaching $99.74. 2,553 shares of the company were exchanged, compared to its average volume of 50,732. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 22.21 and a beta of 1.29. Kadant has a twelve month low of $90.65 and a twelve month high of $114.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.87 and a quick ratio of 1.19.

Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.15. The business had revenue of $165.80 million during the quarter, compared to analysts’ expectations of $164.72 million. Kadant had a net margin of 6.91% and a return on equity of 16.12%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. On average, equities research analysts anticipate that Kadant will post 5.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Thursday, October 11th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, October 10th. Kadant’s dividend payout ratio is 19.60%.

A number of equities analysts recently issued reports on KAI shares. Zacks Investment Research cut shares of Kadant from a buy rating to a hold rating in a research report on Tuesday, July 17th. Barrington Research set a $112.00 price objective on shares of Kadant and gave the stock a buy rating in a research report on Monday, July 23rd. Finally, ValuEngine cut shares of Kadant from a buy rating to a hold rating in a research report on Thursday, August 2nd.

In other Kadant news, Director Thomas C. Leonard sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $110.00, for a total transaction of $110,000.00. Following the sale, the director now directly owns 22,100 shares of the company’s stock, valued at approximately $2,431,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Albertine sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $103.15, for a total transaction of $464,175.00. Following the sale, the director now directly owns 10,740 shares in the company, valued at $1,107,831. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,500 shares of company stock valued at $1,089,175. 5.40% of the stock is owned by corporate insiders.

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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