Kadant Inc. (KAI)

Market Cap	3.30B
Revenue (ttm)	976.89M
Net Income (ttm)	112.68M
Shares Out	11.74M
EPS (ttm)	9.60
PE Ratio	29.35
Forward PE	27.26
Dividend	$1.28 (0.46%)
Ex-Dividend Date	Apr 9, 2024

Volume	60,368
Open	286.20
Previous Close	282.46
Day's Range	280.61 - 286.99
52-Week Range	187.00 - 354.02
Beta	1.30
Analysts	Buy
Price Target	360.00 (+28.19%)
Earnings Date	Apr 30, 2024

About KAI

Kadant Inc. supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, fo...

• Industry: Specialty Industrial Machinery
• Sector: Industrials
• Founded: 1991
• Employees: 3,100
• Stock Exchange: NYSE
• Ticker Symbol: KAI

Financial Performance

In 2023, Kadant's revenue was $957.67 million, an increase of 5.85% compared to the previous year's $904.74 million. Earnings were $116.07 million, a decrease of -4.02%.

Analyst Forecast

According to 2 analysts, the average rating for KAI stock is "Buy." The 12-month stock price forecast is $360.0, which is an increase of 28.19% from the latest price.

Price Target

$360.0

(28.19% upside)

Analyst Consensus: Buy