Media coverage about Kadant (NYSE:KAI) has trended somewhat negative on Saturday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kadant earned a news sentiment score of 0.00 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.6465131519075 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Kadant (KAI) traded up 0.83% on Friday, reaching $85.10. 74,961 shares of the company traded hands. The stock’s 50-day moving average is $80.31 and its 200-day moving average is $69.49. Kadant has a 1-year low of $49.20 and a 1-year high of $89.90. The stock has a market capitalization of $936.44 million, a price-to-earnings ratio of 28.10 and a beta of 1.36.
Kadant (NYSE:KAI) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. The company had revenue of $110.24 million during the quarter, compared to analyst estimates of $113.49 million. Kadant had a net margin of 8.10% and a return on equity of 12.68%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share. Equities research analysts expect that Kadant will post $4.03 EPS for the current year.
Kadant announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 17th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Kadant from a “hold” rating to a “strong-buy” rating and set a $98.00 target price for the company in a research report on Saturday, August 5th. BidaskClub downgraded shares of Kadant from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. William Blair raised shares of Kadant from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 3rd. Sidoti reaffirmed a “buy” rating and issued a $95.00 price objective (up from $85.00) on shares of Kadant in a report on Saturday, June 3rd. Finally, Barrington Research raised their price objective on shares of Kadant from $80.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kadant currently has a consensus rating of “Buy” and a consensus price target of $82.00.
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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