Kadant (KAI) Releases FY19 Earnings Guidance

Kadant (NYSE:KAI) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.20-5.35 for the period, compared to the Thomson Reuters consensus estimate of $5.58. The company issued revenue guidance of $700-710 million, compared to the consensus revenue estimate of $763.70 million.Kadant also updated its FY 2019 guidance to $5.20-5.35 EPS.

A number of research firms have recently weighed in on KAI. Barrington Research reissued a buy rating and set a $112.00 price objective on shares of Kadant in a research note on Monday, January 28th. Sidoti raised Kadant from a neutral rating to a buy rating in a research note on Tuesday, December 11th. ValuEngine lowered Kadant from a hold rating to a sell rating in a research note on Tuesday, December 11th. Finally, Zacks Investment Research raised Kadant from a sell rating to a hold rating in a research note on Wednesday, November 7th.

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Shares of NYSE:KAI traded up $0.24 during trading on Wednesday, reaching $87.51. 43,951 shares of the company traded hands, compared to its average volume of 59,710. The firm has a market cap of $952.56 million, a PE ratio of 19.49 and a beta of 1.12. Kadant has a 52-week low of $76.44 and a 52-week high of $111.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 1.88.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 9th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, January 8th. Kadant’s dividend payout ratio (DPR) is presently 19.60%.

In other news, Director William P. Tully sold 750 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $99.66, for a total transaction of $74,745.00. Following the completion of the sale, the director now owns 6,025 shares of the company’s stock, valued at $600,451.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.40% of the company’s stock.

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Kadant Company Profile

Kadant Inc supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, as well as related equipment used in the processing of recyclable and waste materials; and fluid-handling systems and equipment used in industrial piping systems to compensate for movement, as well as to transfer fluid, power, and data.

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