Kadant (NYSE:KAI) Issues Q4 2024 Earnings Guidance

Kadant (NYSE:KAI) 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 Analyst Weigh In

Several research analysts have commented on the stock. Barrington Research reissued an “outperform” rating and set a $360.00 price target on shares of Kadant in a research note on Friday, September 20th. DA Davidson boosted their price target on shares of Kadant from $290.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

Kadant Trading Down 0.5 %

Kadant stock traded down $1.60 during trading hours on Tuesday, reaching $320.55. The company had a trading volume of 40,992 shares, compared to its average volume of 80,787. 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 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 $322.41 and a 200 day moving average price of $305.09. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 32.98 and a beta of 1.21.

Kadant (NYSE:KAI) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.43 by $0.38. The company had revenue of $275.00 million for the quarter, compared to the consensus estimate of $263.50 million. Kadant had a net margin of 11.35% and a return on equity of 15.48%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 earnings per share. Equities analysts forecast that Kadant will post 9.93 earnings per share for the current year.

Kadant Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Thursday, October 10th. Kadant’s dividend payout ratio (DPR) is 13.17%.

Insiders Place Their Bets

In other news, Director Thomas C. Leonard sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $337.40, for a total transaction of $674,800.00. Following the transaction, the director now directly owns 4,250 shares of the company’s stock, valued at approximately $1,433,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

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.