Kadant (KAI) Receiving Somewhat Positive Media Coverage, Analysis Finds
Press coverage about Kadant (NYSE:KAI) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kadant earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.3035593572046 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Contrasting Kadant (KAI) and Its Peers (americanbankingnews.com)
- Kadant Inc Plans Quarterly Dividend of $0.21 (KAI) (americanbankingnews.com)
- Here’s Why You Should Buy Altra Industrial Motion (AIMC) Now (finance.yahoo.com)
- Comparing Kadant (KAI) & EnPro Industries (NPO) (americanbankingnews.com)
- Analyzing EnPro Industries (NPO) & Kadant (KAI) (americanbankingnews.com)
A number of brokerages have recently commented on KAI. ValuEngine raised Kadant from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Kadant from a “hold” rating to a “strong-buy” rating and set a $98.00 price objective for the company in a research report on Saturday, August 5th. Sidoti reissued a “buy” rating and set a $95.00 price objective (up from $85.00) on shares of Kadant in a research report on Saturday, June 3rd. BidaskClub downgraded Kadant from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Barrington Research boosted their price objective on Kadant from $80.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 31st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $93.00.
Kadant (NYSE:KAI) opened at 95.50 on Friday. Kadant has a one year low of $49.20 and a one year high of $96.30. The firm has a market capitalization of $1.05 billion, a P/E ratio of 31.53 and a beta of 1.33. The company has a 50-day moving average price of $86.49 and a 200-day moving average price of $73.48.
Kadant (NYSE:KAI) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. The business had revenue of $110.24 million for the quarter, compared to the consensus estimate of $113.49 million. Kadant had a return on equity of 12.68% and a net margin of 8.10%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. On average, equities research analysts anticipate that Kadant will post $4.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, October 11th. This represents a $0.84 dividend on an annualized basis and a yield of 0.88%. Kadant’s dividend payout ratio (DPR) is presently 27.72%.
In other Kadant news, Director William P. Tully sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $89.60, for a total transaction of $112,000.00. Following the completion of the sale, the director now owns 5,250 shares in the company, valued at approximately $470,400. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.59% of the stock is owned by company insiders.
WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/24/kadant-kai-receiving-somewhat-positive-media-coverage-analysis-finds.html.
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.
Receive News & Ratings for Kadant Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kadant Inc and related companies with MarketBeat.com's FREE daily email newsletter.