Equities research analysts predict that Kadant Inc. (NYSE:KAI) will announce earnings per share (EPS) of $0.97 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kadant’s earnings. Kadant reported earnings per share of $0.80 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.3%. The company is scheduled to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Kadant will report full-year earnings of $4.96 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $5.05. For the next year, analysts expect that the business will report earnings of $5.55 per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Kadant.
Kadant (NYSE:KAI) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The business had revenue of $149.14 million for the quarter, compared to analysts’ expectations of $144.50 million. Kadant had a net margin of 6.04% and a return on equity of 16.18%.
Shares of Kadant (NYSE KAI) traded down $0.43 during mid-day trading on Friday, reaching $98.17. 22,976 shares of the company’s stock traded hands, compared to its average volume of 60,374. The stock has a market cap of $1,105.69, a PE ratio of 22.47 and a beta of 1.35. 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.
In other news, CFO Michael J. Mckenney sold 3,600 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $99.14, for a total transaction of $356,904.00. Following the sale, the chief financial officer now directly owns 19,160 shares in the company, valued at approximately $1,899,522.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric T. Langevin sold 8,932 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $99.69, for a total transaction of $890,431.08. Following the sale, the insider now owns 34,382 shares in the company, valued at $3,427,541.58. The disclosure for this sale can be found here. Insiders have sold a total of 26,819 shares of company stock worth $2,674,705 over the last 90 days. Corporate insiders own 5.59% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB raised its position in shares of Kadant by 6.1% during the 4th quarter. Handelsbanken Fonder AB now owns 350,000 shares of the industrial products company’s stock valued at $35,140,000 after buying an additional 20,000 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Kadant by 19.3% during the 4th quarter. Sterling Capital Management LLC now owns 22,269 shares of the industrial products company’s stock valued at $2,236,000 after buying an additional 3,595 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Kadant during the 4th quarter valued at about $469,000. Macquarie Group Ltd. raised its position in shares of Kadant by 6.8% during the 4th quarter. Macquarie Group Ltd. now owns 541,570 shares of the industrial products company’s stock valued at $54,374,000 after buying an additional 34,614 shares in the last quarter. Finally, Sensato Investors LLC raised its position in shares of Kadant by 103.5% during the 4th quarter. Sensato Investors LLC now owns 6,134 shares of the industrial products company’s stock valued at $616,000 after buying an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.
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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