Kadant Inc. Expected to Earn FY2025 Earnings of $10.90 Per Share (NYSE:KAI)

Kadant Inc. (NYSE:KAI) – Research analysts at William Blair issued their FY2025 earnings per share estimates for Kadant in a research report issued on Wednesday, May 1st. William Blair analyst R. Sparenblek expects that the industrial products company will post earnings of $10.90 per share for the year. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Kadant’s current full-year earnings is $10.00 per share.

Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.42. The business had revenue of $248.98 million for the quarter, compared to the consensus estimate of $245.56 million. Kadant had a return on equity of 15.88% and a net margin of 11.53%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.40 EPS.

Separately, Barrington Research restated an “outperform” rating and issued a $360.00 target price on shares of Kadant in a report on Monday, April 29th.

Kadant Trading Up 0.1 %

Shares of KAI opened at $281.44 on Monday. Kadant has a fifty-two week low of $186.99 and a fifty-two week high of $354.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.34 and a current ratio of 2.05. The company’s fifty day moving average is $305.95 and its 200 day moving average is $284.03. The stock has a market capitalization of $3.30 billion, a PE ratio of 29.32 and a beta of 1.30.

Institutional Trading of Kadant

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates grew its holdings in shares of Kadant by 137.9% in the fourth quarter. Raymond James & Associates now owns 82,151 shares of the industrial products company’s stock worth $23,028,000 after purchasing an additional 47,618 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Kadant by 0.7% during the third quarter. Vanguard Group Inc. now owns 658,401 shares of the industrial products company’s stock worth $148,502,000 after acquiring an additional 4,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kadant by 640.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,119 shares of the industrial products company’s stock valued at $2,556,000 after acquiring an additional 7,888 shares in the last quarter. abrdn plc boosted its holdings in shares of Kadant by 16.2% in the fourth quarter. abrdn plc now owns 118,583 shares of the industrial products company’s stock valued at $33,240,000 after purchasing an additional 16,541 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in Kadant by 27.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 50,858 shares of the industrial products company’s stock worth $11,415,000 after purchasing an additional 10,858 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Insider Activity

In other Kadant news, Director Jonathan W. Painter sold 7,000 shares of Kadant stock in a transaction on Friday, March 1st. The shares were sold at an average price of $330.25, for a total transaction of $2,311,750.00. Following the completion of the transaction, the director now directly owns 7,615 shares of the company’s stock, valued at $2,514,853.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jonathan W. Painter sold 7,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $330.25, for a total value of $2,311,750.00. Following the sale, the director now directly owns 7,615 shares of the company’s stock, valued at approximately $2,514,853.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas C. Leonard sold 217 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $323.81, for a total transaction of $70,266.77. Following the completion of the sale, the director now directly owns 11,080 shares of the company’s stock, valued at approximately $3,587,814.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,798 shares of company stock valued at $2,899,004. 1.40% of the stock is currently owned by insiders.

Kadant Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 10th will be issued a $0.32 dividend. This is a boost from Kadant’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.45%. Kadant’s payout ratio is 13.33%.

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.