News articles about Kadant (NYSE:KAI) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kadant earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.8925456774021 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities research analysts have recently commented on KAI shares. ValuEngine lowered shares of Kadant from a “buy” rating to a “hold” rating in a report on Monday, December 11th. 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. Finally, Sidoti downgraded 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Kadant presently has a consensus rating of “Hold” and a consensus price target of $104.67.
Shares of Kadant (KAI) traded down $0.25 during midday trading on Friday, reaching $97.25. 30,749 shares of the company’s stock traded hands, compared to its average volume of 58,776. 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 has a twelve month low of $56.15 and a twelve month high of $114.00. The firm has a market cap of $1,070.00, a PE ratio of 28.86 and a beta of 1.37.
Kadant (NYSE:KAI) last posted its earnings results on Monday, October 30th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.35. Kadant had a net margin of 8.17% and a return on equity of 14.84%. The firm had revenue of $152.79 million during the quarter, compared to analysts’ expectations of $141.33 million. During the same period in the previous year, the business posted $0.81 EPS. The business’s revenue was up 44.8% compared to the same quarter last year. sell-side analysts forecast that Kadant will post 4.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Shareholders of record on Thursday, January 11th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, January 10th. Kadant’s dividend payout ratio is presently 24.93%.
In other news, VP Sandra L. Lambert sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $100.01, for a total transaction of $400,040.00. Following the completion of the sale, the vice president now owns 19,257 shares of the company’s stock, valued at $1,925,892.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Sandra L. Lambert sold 6,437 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $108.66, for a total transaction of $699,444.42. Following the sale, the vice president now directly owns 20,942 shares of the company’s stock, valued at approximately $2,275,557.72. The disclosure for this sale can be found here. Insiders have sold 53,256 shares of company stock valued at $5,450,550 over the last 90 days. 5.59% of the stock is currently owned by company 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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