Research Analysts Issue Forecasts for Kadant FY2024 Earnings

Kadant Inc. (NYSE:KAI) – Analysts at Barrington Research increased their FY2024 EPS estimates for Kadant in a note issued to investors on Thursday, October 31st. Barrington Research analyst G. Prestopino now anticipates that the industrial products company will post earnings per share of $10.03 for the year, up from their prior estimate of $9.82. Barrington Research currently has a “Outperform” rating and a $360.00 target price on the stock. The consensus estimate for Kadant’s current full-year earnings is $10.11 per share. Barrington Research also issued estimates for Kadant’s Q3 2025 earnings at $3.07 EPS and FY2025 earnings at $10.80 EPS.

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

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

Kadant Stock Up 2.9 %

Shares of Kadant stock opened at $359.74 on Monday. The business has a 50-day moving average price of $324.35 and a 200 day moving average price of $306.58. Kadant has a fifty-two week low of $242.07 and a fifty-two week high of $363.40. The firm has a market cap of $4.22 billion, a P/E ratio of 36.82 and a beta of 1.21. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 10th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Thursday, October 10th. Kadant’s dividend payout ratio is presently 13.10%.

Insider Buying and Selling

In other news, Director Thomas C. Leonard sold 2,000 shares of the company’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 completion of the transaction, the director now directly owns 4,250 shares of the company’s stock, valued at approximately $1,433,950. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KAI. Ashton Thomas Securities LLC bought a new stake in Kadant in the third quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in Kadant in the 2nd quarter valued at about $29,000. Park Place Capital Corp boosted its stake in Kadant by 68.6% during the 3rd quarter. Park Place Capital Corp now owns 204 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 83 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in Kadant in the 3rd quarter worth about $74,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Kadant by 226.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 274 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

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.