Brokerages Anticipate Kadant Inc. (NYSE:KAI) to Announce $0.89 EPS

Equities research analysts expect that Kadant Inc. (NYSE:KAI) will post earnings per share of $0.89 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Kadant’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.81. Kadant posted earnings of $1.24 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 28.2%. The business is expected to issue its next quarterly earnings report on Monday, May 4th.

According to Zacks, analysts expect that Kadant will report full-year earnings of $5.07 per share for the current financial year, with EPS estimates ranging from $5.00 to $5.20. For the next financial year, analysts expect that the company will report earnings of $5.53 per share, with EPS estimates ranging from $5.39 to $5.70. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Kadant.

Kadant (NYSE:KAI) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.04. The business had revenue of $182.70 million during the quarter, compared to analyst estimates of $173.38 million. Kadant had a return on equity of 15.56% and a net margin of 7.39%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.66 earnings per share.

Several analysts have recently weighed in on the company. ValuEngine upgraded Kadant from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. DA Davidson reaffirmed a “neutral” rating and set a $97.00 target price on shares of Kadant in a report on Friday, February 14th. Sidoti reduced their target price on Kadant from $107.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Barrington Research reduced their target price on Kadant from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Zacks Investment Research downgraded Kadant from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $97.22.

Shares of Kadant stock traded up $0.49 during trading on Friday, hitting $99.55. The stock had a trading volume of 30,008 shares, compared to its average volume of 65,426. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 1.27. The firm has a market cap of $1.12 billion, a P/E ratio of 21.88 and a beta of 1.32. The business has a fifty day moving average of $107.69 and a two-hundred day moving average of $95.22. Kadant has a fifty-two week low of $77.67 and a fifty-two week high of $114.05.

In other news, Chairman Jonathan W. Painter sold 5,206 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $105.07, for a total transaction of $546,994.42. Following the completion of the sale, the chairman now directly owns 99,261 shares of the company’s stock, valued at $10,429,353.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael J. Mckenney sold 4,188 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $100.65, for a total value of $421,522.20. Following the sale, the chief financial officer now directly owns 17,557 shares of the company’s stock, valued at $1,767,112.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,587 shares of company stock valued at $5,732,251. 5.50% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Pictet Asset Management Ltd. raised its position in Kadant by 12.0% during the third quarter. Pictet Asset Management Ltd. now owns 191,270 shares of the industrial products company’s stock valued at $16,792,000 after buying an additional 20,566 shares during the period. State Street Corp raised its position in Kadant by 2.5% during the third quarter. State Street Corp now owns 238,248 shares of the industrial products company’s stock valued at $20,916,000 after buying an additional 5,765 shares during the period. First Trust Advisors LP raised its position in Kadant by 59.6% during the third quarter. First Trust Advisors LP now owns 29,162 shares of the industrial products company’s stock valued at $2,560,000 after buying an additional 10,894 shares during the period. Millennium Management LLC acquired a new position in Kadant during the third quarter valued at $5,964,000. Finally, CWM LLC raised its position in Kadant by 13,940.6% during the fourth quarter. CWM LLC now owns 58,409 shares of the industrial products company’s stock valued at $6,153,000 after buying an additional 57,993 shares during the period. 97.30% of the stock is currently owned by hedge funds and other institutional investors.

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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