Kadant (KAI) Expected to Announce Quarterly Earnings on Wednesday

Kadant (NYSE:KAI) is expected to be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Kadant to post earnings of $2.08 per share and revenue of $257.44 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Kadant Stock Performance

Kadant stock opened at $369.14 on Tuesday. The firm has a 50 day simple moving average of $366.66 and a 200-day simple moving average of $348.57. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 37.78 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.29 and a quick ratio of 1.46. Kadant has a 1-year low of $249.51 and a 1-year high of $429.95.

Kadant Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, January 10th were given a $0.32 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.28 dividend on an annualized basis and a yield of 0.35%. Kadant’s dividend payout ratio is currently 13.10%.

Insider Transactions at Kadant

In related news, Director Rebecca Martinez O’mara sold 300 shares of Kadant stock in a transaction on Friday, November 15th. The stock was sold at an average price of $392.59, for a total value of $117,777.00. Following the completion of the transaction, the director now directly owns 1,293 shares in the company, valued at approximately $507,618.87. This trade represents a 18.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas C. Leonard sold 152 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $398.21, for a total value of $60,527.92. Following the transaction, the director now directly owns 4,250 shares of the company’s stock, valued at approximately $1,692,392.50. This represents a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,052 shares of company stock worth $416,655. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price objective on Kadant from $360.00 to $410.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

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.