William Blair Weighs in on Kadant Inc’s Q1 2018 Earnings (NYSE:KAI)

Kadant Inc (NYSE:KAI) – Equities researchers at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Kadant in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. William Blair analyst N. Heymann expects that the industrial products company will earn $1.04 per share for the quarter. William Blair also issued estimates for Kadant’s Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.44 EPS and Q4 2018 earnings at $1.16 EPS.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.35. The company had revenue of $152.79 million for the quarter, compared to analyst estimates of $141.33 million. Kadant had a net margin of 8.17% and a return on equity of 14.84%. Kadant’s quarterly revenue was up 44.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share.

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Several other brokerages also recently weighed in on KAI. Zacks Investment Research downgraded shares of Kadant from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of Kadant from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Sidoti downgraded shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price on the stock. in a report on Tuesday, October 3rd. Finally, ValuEngine raised shares of Kadant from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $104.67.

Shares of Kadant (NYSE:KAI) traded up $1.90 during trading hours on Monday, hitting $101.80. 63,300 shares of the stock traded hands, compared to its average volume of 59,907. The stock has a market capitalization of $1,099.63, a P/E ratio of 24.85 and a beta of 1.43. The company has a current ratio of 2.35, a quick ratio of 1.65 and a debt-to-equity ratio of 0.84. Kadant has a 1-year low of $56.15 and a 1-year high of $114.00.

Several hedge funds and other institutional investors have recently made changes to their positions in KAI. American International Group Inc. lifted its holdings in shares of Kadant by 7.1% in the first quarter. American International Group Inc. now owns 6,601 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 435 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Kadant by 40.8% in the first quarter. Teachers Advisors LLC now owns 24,684 shares of the industrial products company’s stock valued at $1,465,000 after purchasing an additional 7,157 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Kadant by 14.7% in the first quarter. TIAA CREF Investment Management LLC now owns 58,220 shares of the industrial products company’s stock valued at $3,455,000 after purchasing an additional 7,479 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kadant by 4.5% in the first quarter. Vanguard Group Inc. now owns 455,242 shares of the industrial products company’s stock valued at $27,019,000 after purchasing an additional 19,603 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Kadant by 5.1% in the first quarter. Geode Capital Management LLC now owns 120,698 shares of the industrial products company’s stock valued at $7,163,000 after buying an additional 5,826 shares during the last quarter. 92.09% of the stock is currently owned by institutional investors.

In other Kadant news, CEO Jonathan W. Painter sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $103.82, for a total value of $2,076,400.00. Following the sale, the chief executive officer now owns 76,082 shares of the company’s stock, valued at $7,898,833.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sandra L. Lambert sold 6,437 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $108.66, for a total transaction of $699,444.42. Following the completion of the sale, the vice president now directly owns 20,942 shares in the company, valued at approximately $2,275,557.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,687 shares of company stock worth $2,887,844. 5.59% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 11th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, January 10th. Kadant’s dividend payout ratio is currently 24.85%.

About Kadant

Kadant Inc is a supplier of equipment and components used in process industries. In addition, the Company manufactures granules made from papermaking by-products. Its segments include Papermaking Systems and Wood Processing Systems. The Company has a customer base, which includes paper and oriented strand board (OSB) manufacturers.

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Earnings History and Estimates for Kadant (NYSE:KAI)

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