Kadant (NYSE:KAI) Issues Q4 2024 Earnings Guidance

Kadant (NYSE:KAI) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.900-2.100 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. DA Davidson lifted their price target on Kadant from $290.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Barrington Research restated an “outperform” rating and set a $360.00 target price on shares of Kadant in a research report on Wednesday.

Kadant Trading Down 0.8 %

NYSE:KAI traded down $2.65 during mid-day trading on Thursday, reaching $333.06. 72,301 shares of the company’s stock traded hands, compared to its average volume of 80,851. Kadant has a 12-month low of $217.85 and a 12-month high of $363.40. The company has a 50 day moving average price of $323.33 and a 200-day moving average price of $305.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.25 and a quick ratio of 1.40. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 34.27 and a beta of 1.21.

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

Kadant Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.28 annualized dividend and a dividend yield of 0.38%. Kadant’s payout ratio is 13.17%.

Insider Buying and Selling

In other Kadant news, Director Thomas C. Leonard sold 2,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $337.40, for a total value of $674,800.00. Following the completion of the sale, the director now owns 4,250 shares in the company, valued at approximately $1,433,950. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

About Kadant

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.