Headlines about Kadant (NYSE:KAI) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kadant earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 47.0098522822819 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- Kadant, Inc. – Value Analysis (NYSE:KAI) : December 6, 2017 (finance.yahoo.com)
- Kadant, Inc. breached its 50 day moving average in a Bullish Manner : KAI-US : December 5, 2017 (finance.yahoo.com)
- Analysts Expect Kadant Inc (KAI) to Post $1.08 Earnings Per Share (americanbankingnews.com)
- Kadant Inc (KAI) Expected to Post Quarterly Sales of $144.50 Million (americanbankingnews.com)
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Kadant from a “hold” rating to a “strong-buy” rating and set a $126.00 target price on the stock in a research report on Thursday, November 2nd. Sidoti lowered shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price on the stock. in a research report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Kadant from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $104.67.
Kadant (NYSE:KAI) opened at $102.60 on Thursday. The company has a market cap of $1,123.30, a P/E ratio of 25.39 and a beta of 1.36. Kadant has a 1 year low of $56.15 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.65 and a current ratio of 2.35.
Kadant (NYSE:KAI) last issued its earnings results on Monday, October 30th. The industrial products company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.35. The business had revenue of $152.79 million for the quarter, compared to analyst estimates of $141.33 million. Kadant had a net margin of 8.17% and a return on equity of 14.84%. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. research analysts anticipate that Kadant will post 4.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 11th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, January 10th. Kadant’s payout ratio is 24.85%.
In related news, CEO Jonathan W. Painter sold 20,000 shares of Kadant stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $103.82, for a total transaction of $2,076,400.00. Following the transaction, the chief executive officer now directly owns 76,082 shares of the company’s stock, valued at $7,898,833.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William P. Tully sold 1,250 shares of Kadant stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $89.60, for a total transaction of $112,000.00. Following the transaction, the director now directly owns 5,250 shares in the company, valued at $470,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,687 shares of company stock worth $2,887,844. 5.59% of the stock is currently owned by corporate insiders.
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Kadant Company Profile
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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