Q4 EPS Estimates for Kadant Lowered by Barrington Research

Kadant Inc. (NYSE:KAI) – Research analysts at Barrington Research decreased their Q4 2024 EPS estimates for Kadant in a research note issued 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 previous estimate of $2.26. Barrington Research currently has a “Outperform” rating and a $360.00 price objective 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 announced 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 company had revenue of $271.61 million during the quarter, compared to analyst estimates of $266.38 million. During the same quarter in the previous year, the firm posted $2.69 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis.

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

Kadant Trading Down 0.8 %

Kadant stock opened at $333.06 on Friday. The stock has a market capitalization of $3.91 billion, a PE ratio of 34.09 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.25 and a quick ratio of 1.40. Kadant has a 12-month low of $217.85 and a 12-month high of $363.40. The firm has a 50 day simple moving average of $323.33 and a 200-day simple moving average of $305.50.

Hedge Funds Weigh In On Kadant

Hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. purchased a new stake in Kadant during the third quarter valued at about $111,000. Cannon Global Investment Management LLC purchased a new stake in shares of Kadant in the 3rd quarter valued at approximately $237,000. US Bancorp DE grew its position in Kadant by 6.4% during the 3rd quarter. US Bancorp DE now owns 1,933 shares of the industrial products company’s stock worth $653,000 after purchasing an additional 116 shares in the last quarter. abrdn plc raised its stake in Kadant by 1.1% during the 3rd quarter. abrdn plc now owns 71,495 shares of the industrial products company’s stock valued at $24,165,000 after purchasing an additional 796 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Kadant by 16.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 793 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas C. Leonard sold 2,000 shares of Kadant stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $337.40, for a total value of $674,800.00. Following the transaction, the director now directly owns 4,250 shares in the company, valued at $1,433,950. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by insiders.

Kadant Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors 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 yield of 0.38%. The ex-dividend date of this dividend is Thursday, October 10th. Kadant’s dividend payout ratio is presently 13.10%.

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.