Kadant (NYSE:KAI – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 9.700-10.050 for the period, compared to the consensus estimate of 10.540. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Kadant also updated its Q1 2025 guidance to 1.850-2.050 EPS.
Wall Street Analysts Forecast Growth
Separately, Barrington Research boosted their price target on Kadant from $360.00 to $410.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.
Check Out Our Latest Research Report on KAI
Kadant Stock Down 1.6 %
Kadant Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, January 10th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, January 10th. Kadant’s payout ratio is 13.10%.
Insider Transactions at Kadant
In other Kadant news, Director Thomas C. Leonard sold 152 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $398.21, for a total transaction of $60,527.92. Following the sale, the director now owns 4,250 shares in the company, valued at $1,692,392.50. This represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Fredrik H. Westerhout sold 600 shares of Kadant stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $397.25, for a total value of $238,350.00. Following the completion of the transaction, the vice president now owns 1,437 shares of the company’s stock, valued at approximately $570,848.25. The trade was a 29.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,052 shares of company stock valued at $416,655. 1.40% of the stock is currently owned by corporate insiders.
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.
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