Press coverage about Kadant (NYSE:KAI) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kadant earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.3976137397622 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Kadant stock opened at $100.05 on Thursday. The company has a quick ratio of 1.37, a current ratio of 2.01 and a debt-to-equity ratio of 0.73. Kadant has a twelve month low of $56.15 and a twelve month high of $114.00. The stock has a market capitalization of $1,101.70, a PE ratio of 36.25 and a beta of 1.36.
Kadant (NYSE:KAI) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.06. The company had revenue of $149.14 million for the quarter, compared to analysts’ expectations of $144.50 million. Kadant had a return on equity of 15.93% and a net margin of 6.04%. equities research analysts anticipate that Kadant will post 5.02 earnings per share for the current year.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Kadant from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine cut Kadant from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Finally, Barrington Research reiterated an “outperform” rating and issued a $110.00 price objective on shares of Kadant in a report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $112.67.
In other news, COO Eric T. Langevin sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $100.56, for a total transaction of $70,392.00. Following the transaction, the chief operating officer now directly owns 28,850 shares in the company, valued at approximately $2,901,156. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Eric T. Langevin sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $99.62, for a total value of $697,340.00. Following the transaction, the chief operating officer now owns 34,382 shares in the company, valued at $3,425,134.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,554 shares of company stock worth $3,773,468. Insiders own 5.59% of the company’s stock.
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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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