Q4 EPS Estimates for Kadant Reduced by Barrington Research

Kadant Inc. (NYSE:KAI) – Equities research analysts at Barrington Research cut their Q4 2024 earnings per share estimates for shares of Kadant in a report released on Thursday, October 31st. Barrington Research analyst G. Prestopino now anticipates that the industrial products company will post earnings per share of $2.00 for the quarter, down from their prior estimate of $2.26. Barrington Research has a “Outperform” rating and a $360.00 price target on the stock. The consensus estimate for Kadant’s current full-year earnings is $9.99 per share. Barrington Research also issued estimates for Kadant’s Q1 2025 earnings at $2.47 EPS, Q2 2025 earnings at $3.06 EPS, Q4 2025 earnings at $2.20 EPS, Q1 2026 earnings at $2.70 EPS, Q2 2026 earnings at $3.33 EPS, Q3 2026 earnings at $3.37 EPS and FY2026 earnings at $11.83 EPS.

Kadant (NYSE:KAI) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.41. Kadant had a return on equity of 15.41% and a net margin of 11.12%. The business had revenue of $271.61 million during the quarter, compared to analyst estimates of $266.38 million. During the same quarter in the prior year, the business posted $2.69 EPS. Kadant’s revenue for the quarter was up 11.2% compared to the same quarter last year.

Separately, DA Davidson increased their price target on shares of Kadant from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, August 1st.

Kadant Trading Up 3.1 %

Shares of Kadant stock opened at $343.38 on Friday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 35.15 and a beta of 1.21. The business has a 50-day moving average price of $323.77 and a 200-day moving average price of $305.86. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.42. Kadant has a twelve month low of $231.83 and a twelve month high of $363.40.

Kadant Announces Dividend

The business also recently declared 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 0.37%. The ex-dividend date is Thursday, October 10th. Kadant’s dividend payout ratio is presently 13.10%.

Insider Activity at Kadant

In related news, Director Thomas C. Leonard sold 2,000 shares of Kadant stock in a transaction that occurred on Thursday, September 26th. The shares were 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 $1,433,950. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kadant

A number of large investors have recently made changes to their positions in the stock. Xponance Inc. grew its holdings in shares of Kadant by 5.2% during the second quarter. Xponance Inc. now owns 744 shares of the industrial products company’s stock valued at $219,000 after buying an additional 37 shares during the last quarter. Trust Point Inc. raised its position in shares of Kadant by 1.1% in the third quarter. Trust Point Inc. now owns 4,178 shares of the industrial products company’s stock worth $1,412,000 after acquiring an additional 45 shares during the period. Wealth Alliance raised its position in shares of Kadant by 7.0% in the second quarter. Wealth Alliance now owns 718 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 47 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Kadant by 7.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 855 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 57 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Kadant by 1.9% in the second quarter. Arizona State Retirement System now owns 3,279 shares of the industrial products company’s stock worth $963,000 after acquiring an additional 62 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

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.