Media coverage about Kadant (NYSE:KAI) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kadant earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.0304955121198 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- ETFs with exposure to Kadant, Inc. : October 27, 2017 (finance.yahoo.com)
- Kadant to Hold Earnings Conference Call on … (ih.advfn.com)
- Kadant to Hold Earnings Conference Call on Tuesday, October 31, 2017 (finance.yahoo.com)
- Kadant Inc (KAI) Expected to Announce Earnings of $1.14 Per Share (americanbankingnews.com)
- Kadant, Inc. : KAI-US: Dividend Analysis : October 12th, 2017 (record date) : By the numbers : October 23, 2017 (finance.yahoo.com)
Kadant (KAI) traded down 1.21% on Monday, hitting $101.85. The company had a trading volume of 2,181 shares. The firm has a 50-day moving average price of $97.23 and a 200-day moving average price of $81.32. The firm has a market capitalization of $1.12 billion, a PE ratio of 33.62 and a beta of 1.35. Kadant has a 12-month low of $50.96 and a 12-month high of $103.70.
Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. The business had revenue of $110.24 million for the quarter, compared to analyst estimates of $113.49 million. Kadant had a return on equity of 12.68% and a net margin of 8.10%. Kadant’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. On average, equities research analysts anticipate that Kadant will post $4.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 12th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, October 11th. Kadant’s dividend payout ratio (DPR) is presently 27.72%.
Several equities research analysts have recently commented on KAI shares. Zacks Investment Research downgraded shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub downgraded shares of Kadant from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine upgraded shares of Kadant from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, 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 research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Kadant has an average rating of “Hold” and an average price target of $95.33.
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In related news, Director William P. Tully sold 1,250 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $89.60, for a total value of $112,000.00. Following the sale, the director now directly owns 5,250 shares of the company’s stock, valued at $470,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.59% of the company’s stock.
Kadant Company Profile
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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