Analysts Estimate Report : What to Look Out for Kadant (NYSE:KAI)

Earnings results for Kadant (NYSE:KAI)

Kadant Inc is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.3599999999999999. The reported EPS for the same quarter last year was $1.09.

Kadant last released its earnings results on February 18th, 2021. The industrial products company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.31 by $0.23. The business had revenue of $168.43 million for the quarter, compared to analyst estimates of $164.55 million. Kadant has generated $5.36 earnings per share over the last year and currently has a price-to-earnings ratio of 43.1. Kadant has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Kadant will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Kadant (NYSE:KAI)

3 Wall Street analysts have issued ratings and price targets for Kadant in the last 12 months. Their average twelve-month price target is $152.00, predicting that the stock has a possible downside of 14.62%. The high price target for KAI is $200.00 and the low price target for KAI is $116.00. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Kadant has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $152.00, Kadant has a forecasted downside of 14.6% from its current price of $178.03. Kadant has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Kadant (NYSE:KAI)

Kadant has a dividend yield of 0.56%, which is in the bottom 25% of all stocks that pay dividends. Kadant has been increasing its dividend for 7 years. The dividend payout ratio of Kadant is 18.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Kadant will have a dividend payout ratio of 18.98% next year. This indicates that Kadant will be able to sustain or increase its dividend.

Insiders buying/selling: Kadant (NYSE:KAI)

In the past three months, Kadant insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $226,637.00 in company stock. Only 2.30% of the stock of Kadant is held by insiders. 95.55% of the stock of Kadant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Kadant (NYSE:KAI

Earnings for Kadant are expected to grow by 10.95% in the coming year, from $4.75 to $5.27 per share. The P/E ratio of Kadant is 43.11, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.07. The P/E ratio of Kadant is 43.11, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 49.79. Kadant has a PEG Ratio of 3.54. PEG Ratios above 1 indicate that a company could be overvalued. Kadant has a P/B Ratio of 4.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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