Kadant (NYSE:KAI) Releases Q4 2024 Earnings Guidance

Kadant (NYSE:KAIGet Free Report) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.900-2.100 for the period, compared to the consensus earnings per share estimate of 2.310. The company issued revenue guidance of $252.0 million-$260.0 million, compared to the consensus revenue estimate of $263.1 million. Kadant also updated its FY 2024 guidance to 9.930-10.130 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KAI. Barrington Research reiterated an “outperform” rating and set a $360.00 target price on shares of Kadant in a research report on Wednesday. DA Davidson lifted their target price on Kadant from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

Read Our Latest Research Report on KAI

Kadant Stock Performance

Shares of KAI traded up $15.16 during midday trading on Wednesday, reaching $335.71. 102,699 shares of the stock were exchanged, compared to its average volume of 80,891. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 34.54 and a beta of 1.21. Kadant has a twelve month low of $217.85 and a twelve month high of $363.40. The business’s 50-day moving average price is $322.86 and its 200 day moving average price is $305.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.25 and a quick ratio of 1.40.

Kadant (NYSE:KAIGet Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.41. The firm had revenue of $271.61 million for the quarter, compared to analysts’ expectations of $266.38 million. Kadant had a return on equity of 15.48% and a net margin of 11.35%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 EPS. On average, sell-side analysts expect that Kadant will post 9.93 EPS for the current fiscal year.

Kadant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 10th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, October 10th. Kadant’s dividend payout ratio (DPR) is presently 13.17%.

Insider Activity at Kadant

In related news, Director Thomas C. Leonard sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $337.40, for a total value of $674,800.00. Following the transaction, the director now owns 4,250 shares in the company, valued at $1,433,950. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Kadant Company Profile

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Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.

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Earnings History and Estimates for Kadant (NYSE:KAI)

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