Kadant Inc. (KAI) Releases FY12 Earnings Guidance
Kadant Inc. (KAI) updated its FY12 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.18-2.20 for the period. Kadant also updated its Q4 guidance to $0.35-0.37 EPS.
Kadant Inc. (KAI) traded down 0.50% on Monday, hitting $22.02. Kadant Inc. (KAI) has a 52-week low of $18.11 and a 52-week high of $27.10. The company has a market cap of $250.2 million and a price-to-earnings ratio of 7.70.
Kadant last issued its quarterly earnings data on Monday, October 29th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.17. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Kadant Inc. (KAI) will post $2.06 EPS for the current fiscal year.
Kadant Inc. is a supplier of equipment used in the global papermaking and paper recycling industries.
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