Q3 2022 Earnings Forecast for Kadant Inc. (NYSE:KAI) Issued By William Blair

Kadant Inc. (NYSE:KAIGet Rating) – Stock analysts at William Blair dropped their Q3 2022 earnings estimates for Kadant in a note issued to investors on Wednesday, August 3rd. William Blair analyst N. Heymann now expects that the industrial products company will post earnings of $2.06 per share for the quarter, down from their prior forecast of $2.23. The consensus estimate for Kadant’s current full-year earnings is $8.90 per share. William Blair also issued estimates for Kadant’s Q4 2022 earnings at $2.42 EPS, Q3 2023 earnings at $2.32 EPS and FY2023 earnings at $10.50 EPS.

Kadant (NYSE:KAIGet Rating) last released its earnings results on Tuesday, May 3rd. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.20. The firm had revenue of $226.48 million for the quarter, compared to analysts’ expectations of $215.17 million. Kadant had a net margin of 12.92% and a return on equity of 18.06%. The company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 earnings per share.

Several other analysts have also issued reports on KAI. Barrington Research boosted their price target on shares of Kadant from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 5th. Seaport Res Ptn reissued a “neutral” rating on shares of Kadant in a research report on Wednesday, May 4th.

Kadant Stock Up 0.5 %

KAI opened at $194.82 on Friday. The company’s 50-day moving average price is $186.91 and its two-hundred day moving average price is $192.77. Kadant has a twelve month low of $168.43 and a twelve month high of $240.47. The company has a quick ratio of 1.14, a current ratio of 1.80 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.79 and a beta of 1.18.

Institutional Trading of Kadant

Hedge funds and other institutional investors have recently bought and sold shares of the company. Horan Securities Inc. bought a new stake in Kadant during the 4th quarter worth approximately $25,000. Russell Investments Group Ltd. bought a new stake in Kadant during the 1st quarter worth approximately $26,000. USA Financial Portformulas Corp bought a new stake in Kadant during the 4th quarter worth approximately $33,000. Lazard Asset Management LLC bought a new stake in Kadant during the 1st quarter worth approximately $47,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Kadant during the 4th quarter worth approximately $69,000. Institutional investors own 93.93% of the company’s stock.

Kadant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Thursday, July 14th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, July 13th. Kadant’s dividend payout ratio (DPR) is currently 10.84%.

Kadant Company Profile

(Get Rating)

Kadant Inc supplies technologies and engineered systems worldwide. It operates through 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, shower and fabric-conditioning systems, formation systems, and water-filtration systems.

Featured Articles

Earnings History and Estimates for Kadant (NYSE:KAI)

Want More Great Investing Ideas?

Receive News & Ratings for Kadant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kadant and related companies with MarketBeat.com's FREE daily email newsletter.