Kadant Inc. (KAI)

NYSE: KAI · IEX Real-Time Price · USD
178.59
-5.63 (-3.06%)
Jun 29, 2022 12:49 PM EDT - Market open
-3.06%
Market Cap 2.08B
Revenue (ttm) 840.60M
Net Income (ttm) 108.67M
Shares Out 11.66M
EPS (ttm) 9.31
PE Ratio 19.19
Forward PE 20.16
Dividend $1.01 (0.57%)
Ex-Dividend Date Jul 13, 2022
Volume 18,376
Open 184.56
Previous Close 184.22
Day's Range 177.35 - 185.76
52-Week Range 167.40 - 240.47
Beta 1.23
Analysts Buy
Price Target 223.72 (+25.3%)
Earnings Date Aug 2, 2022

About KAI

Kadant Inc. supplies technologies and engineered systems worldwide. It operates through 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, shower and fabric-conditioning systems, forma... [Read more...]

Industry Machinery
Founded 1991
CEO Jeffrey Powell
Employees 3,000
Stock Exchange NYSE
Ticker Symbol KAI
Full Company Profile

Financial Performance

In 2021, Kadant's revenue was $786.58 million, an increase of 23.87% compared to the previous year's $635.03 million. Earnings were $84.04 million, an increase of 52.26%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for KAI stock is "Buy." The 12-month stock price forecast is 223.72, which is an increase of 25.27% from the latest price.

Price Target
$223.72
(25.27% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Kadant (KAI) Surges 3.4%: Is This an Indication of Further Gains?

Kadant (KAI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Kadant Authorizes Share Repurchase

WESTFORD, Mass., May 19, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effectiv...

Kadant Declares Cash Dividend

WESTFORD, Mass., May 19, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.26 per share to be paid...

HLIO vs. KAI: Which Stock Should Value Investors Buy Now?

HLIO vs. KAI: Which Stock Is the Better Value Option?

Other symbols: HLIO

Kadant (KAI) Q1 Earnings and Revenues Top Estimates

Kadant (KAI) delivered earnings and revenue surprises of 9.62% and 5.54%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Kadant Reports First Quarter 2022 Results

Raises Full Year 2022 Earnings Guidance Raises Full Year 2022 Earnings Guidance

Kadant to Hold Earnings Conference Call on Wednesday, May 4, 2022

WESTFORD, Mass., April 28, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2022 first quarter results after the market closes on Tuesday, May 3, 2022 and will hold a webca...

Kadant (KAI) Stock Jumps 3.5%: Will It Continue to Soar?

Kadant (KAI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Kadant Appoints Rebecca Martinez O'Mara to its Board of Directors

WESTFORD, Mass., March 17, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI), a global supplier of technologies and engineered systems, today announced the expansion of the board of directors from six to...

Kadant Releases its 2021 Corporate Sustainability Report

WESTFORD, Mass., March 16, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) released its 2021 corporate sustainability report, which can be viewed at www.kadant.com/about-us/sustainability. The report h...

Kadant (KAI) Q4 Earnings and Revenues Surpass Estimates

Kadant (KAI) delivered earnings and revenue surprises of 16.08% and 1.25%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Kadant Reports Fourth Quarter and Fiscal Year 2021 Results

Record Revenue, EPS, and Cash Flow in Q4 2021 Record Revenue, EPS, and Cash Flow in Q4 2021

Kadant to Hold Earnings Conference Call on Thursday, February 17, 2022

WESTFORD, Mass., Feb. 11, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2021 fourth quarter and full-year results after the market closes on Wednesday, February 16, 2022...

Kadant (KAI) Earnings Expected to Grow: Should You Buy?

Kadant (KAI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Final Trades: American Express, Norwegian Cruise Line, Kadant & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: AXPNCLHAOS

Kadant Receives Environmental Initiatives Award from SEAL Business Sustainability Awards

WESTFORD, Mass., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was selected as a winner of the 2021 SEAL Business Sustainability Award in the Environmental Initiative...

Kadant Named to Newsweek's List of America's Most Responsible Companies 2022

WESTFORD, Mass., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2022" by Newsweek magazine. This was the second ...

Kadant (KAI) Hits 52-Week High, Can the Run Continue?

Kadant (KAI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Kadant (KAI) Tops Q3 Earnings and Revenue Estimates

Kadant (KAI) delivered earnings and revenue surprises of 20.12% and 1.36%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Kadant Reports Third Quarter 2021 Results and Record Bookings

WESTFORD, Mass., Nov. 02, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended October 2, 2021.

Kadant to Hold Earnings Conference Call on Wednesday, November 3, 2021

WESTFORD, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2021 third quarter results after the market closes on Tuesday, November 2, 2021 and will hold a w...

Manufacturing Activity Continues to Expand: 5 Stocks to Buy

People have been spending more on goods than services during the pandemic, giving a boost to manufacturing activity and stocks like Applied Industrial Technologies (AIT), Helios Technologies (HLIO) and ...

Other symbols: AITDXPEHLIONDSN

Kadant (KAI) Stock Rises 16.2% in 3 Months: What's Driving It?

Kadant (KAI) benefits from solid product offerings, diversified businesses, acquired assets, a recovering economy, and growing e-commerce businesses. Its shareholder-friendly policy raises its appeal.

Kadant Achieves Goal of Sourcing 100% of its Electricity from Renewable Resources

WESTFORD, Mass., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it has achieved one of its 2021 climate goals of sourcing 100 percent of the electricity it uses from renewable sour...

Reasons Why it is Worth Investing in Kadant (KAI) Stock Now

Kadant (KAI) benefits from solid product offerings, recovering economy, strengthening demand, and diversified operations. Its buyout activities and rewards to shareholders are appealing.