Kadant (KAI) Expected to Announce Earnings on Wednesday

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

Kadant Stock Up 1.2 %

KAI stock opened at $369.14 on Tuesday. Kadant has a one year low of $249.51 and a one year high of $429.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.29. The firm’s fifty day moving average is $366.66 and its 200 day moving average is $348.57. The firm has a market cap of $4.33 billion, a PE ratio of 37.78 and a beta of 1.29.

Kadant Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Thomas C. Leonard sold 152 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $398.21, for a total transaction of $60,527.92. Following the completion of the sale, the director now owns 4,250 shares of the company’s stock, valued at $1,692,392.50. This represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Fredrik H. Westerhout sold 600 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $397.25, for a total transaction of $238,350.00. Following the completion of the transaction, the vice president now directly owns 1,437 shares in the company, valued at approximately $570,848.25. This represents a 29.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,052 shares of company stock worth $416,655. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

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

Kadant Company Profile

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.