Kadant Stock (NYSE:KAI), Trade Ideas

Kadant

Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, & filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.

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U.S. stocks were mostly higher, with the Dow Jones index gaining more than 150 points on Wednesday.

Reliance Steel &amp; Aluminum Posts Upbeat Earnings, Joins JFrog, AppLovin, Shake Shack And Other Big Stocks Moving Higher On Thursday

Equities

Mid Cap

Kadant Inc (NYSE: KAI) disclosed a deal to acquire Key Knife, Inc.

Kadant&#39;s Big Move: Acquiring Key Knife For $156M To Fortify Wood Product Industry Solutions

Earnings

Pre-Market Outlook

BSTG

TTNP

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:

Kadant Inc.  (NYSE: KAI) announced plans to acquire Key Knife, Inc. for approximately $156 million in cash. Kadant shares fell 0.4% to close at $284.23 on Thursday.

Kadant, Titan Pharmaceuticals And 3 Stocks To Watch Heading Into Friday

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Kaizen Discovery Inc

It was reported on March 5, that JONATHAN PAINTER, Director at Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) executed a significant insider sell, according to an SEC filing.
What Happened: PAINTER's recent move involves selling 7,000 shares of Kadant. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000886346/000088634624000034//Archives/edgar/data/886346/000088634624000034/0000886346-24-000034-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value is $2,311,761.
During Tuesday's morning session, Kadant shares down by 0.0%, currently priced at $326.29.
<h3>Unveiling the Story Behind Kadant</h3>
Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, &amp; filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.
<h3>Kadant's Economic Impact: An Analysis</h3>
Revenue Growth: Over the 3 months period, Kadant showcased positive performance, achieving a revenue growth rate of 2.83% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 42.73%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Kadant's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 2.34.
</li>
</ul>
Debt Management: Kadant's debt-to-equity ratio is below the industry average at 0.14, reflecting a lower dependency on debt financing and a more conservative financial approach.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 32.96 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 4.0 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Kadant's EV/EBITDA ratio stands at 19.09, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>The Relevance of Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000886346">Check Out The Full List Of Kadant's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

JONATHAN PAINTER Implements A Sell Strategy: Offloads $2.31M In Kadant Stock

Barrington Research analyst Gary Prestopino maintains Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) with a Outperform and raises the price target from $300 to $360.

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on Kadant, Raises Price Target to $360

U.S. stocks were mostly higher, with the Dow Jones index gaining more than 150 points on Wednesday.
Shares of Reliance Steel &amp; Aluminum Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rs#NYSE">RS</a>) rose sharply in today&rsquo;s session after the company reported fourth-quarter earnings above estimates and issued above-consensus first-quarter FY24 adjusted EPS.
Reliance Steel &amp; Aluminum posted adjusted earnings of $4.73 per share, beating market estimates of $3.92 per share. The company&rsquo;s quarterly sales came in at $3.34 billion versus estimates of $3.30 billion.
Reliance Steel &amp; Aluminum shares climbed 10.4% to $325.15 on Thursday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Nano-X Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nnox#NASDAQ">NNOX</a>) shares surged 54.7% to $9.84. Nvidia reported a 59,632 share stake in Nano X Imaging.</li>
<li>SoundHound AI, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soun#NASDAQ">SOUN</a>) rose 53% to $3.4499. According to data from Benzinga Pro, BlackRock reported a 5.6% passive stake in SoundHound AI after the market close. Traders also appear to be circling a filing from Nvidia in which the company disclosed positions in several companies, including SoundHound AI.</li>
<li>Pegasystems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pega#NASDAQ">PEGA</a>) climbed 27.8% to $64.84 after the company reported better-than-expected fourth-quarter financial results and issued FY24 EPS and revenue guidance above estimates.</li>
<li>JFrog Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frog#NASDAQ">FROG</a>) shares gained 27% to $47.09 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS and revenue guidance above estimates.</li>
<li>American Well Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amwl#NASDAQ">AMWL</a>) surged 25% to $1.39 following quarterly results.</li>
<li>Datasea Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtss#NASDAQ">DTSS</a>) climbed 25% to $11.24. DataSea announced a $30 million 5G multimodal communication technology service agreement.</li>
<li>AppLovin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) climbed 22% to $57.16 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Ultralife Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulbi#NASDAQ">ULBI</a>) rose 21.4% to $9.60 following upbeat quarterly results.</li>
<li>Shake Shack Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>) climbed 18.6% to $92.60 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
<li>Digital World Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) gained 18.6% to $51.65 after the company announced the U.S. Securities and Exchange Commission declared its registration statement on Form S-4 effective.</li>
<li>Sylvamo Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slvm#NYSE">SLVM</a>) rose 18.5% to $53.94 following upbeat earnings.</li>
<li>DNOW Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dnow#NYSE">DNOW</a>) surged 18.4% to $11.62 following strong quarterly results.</li>
<li>Organon &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogn#NYSE">OGN</a>) shares gained 16.5% to $19.07 after the company reported better than expected Q4 2023 earnings and issued 2024 guidance.</li>
<li>BridgeBio Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbio#NASDAQ">BBIO</a>) rose 15.6% to $39.75.</li>
<li>Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) gained 14% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Appian Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appn#NASDAQ">APPN</a>) surged 13.8% to $37.97 after the company reported fourth-quarter financial results above estimates.</li>
<li>Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) gained 12.7% to $285.24 after the company reported fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Informatica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/infa#NYSE">INFA</a>) rose 12.6% to $33.91 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Patterson-UTI Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pten#NASDAQ">PTEN</a>) gained 12.3% to $11.61 following strong sales.</li>
<li>Blueprint Medicines Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bpmc#NASDAQ">BPMC</a>) gained 11.5% to $85.66 following strong results.</li>
<li>CRISPR Therapeutics AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crsp#NASDAQ">CRSP</a>) rose 10.8% to $87.62. Wolfe Research analyst Andy Chen initiated coverage on CRISPR Therapeutics with a Peer Perform rating.</li>
<li>Antero Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ar#NYSE">AR</a>) gained 10.5% to $23.44 following upbeat results.</li>
<li>EPAM Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epam#NYSE">EPAM</a>) rose 10.3% to $288.44 after the company reported fourth-quarter financial results and issued first-quarter revenue guidance above estimates.</li>
<li>Kadant Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kai#NYSE">KAI</a>) climbed 10% to $346.60 following strong results.</li>
<li>Cognex Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnx#NASDAQ">CGNX</a>) gained 9.8% to $39.70 following upbeat earnings.</li>
<li>Cushman &amp; Wakefield plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwk#NYSE">CWK</a>) rose 8.8% to $11.72.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) shares climbed 8.8% to $4.64 after the company announced raising $175 million in new capital financing from TotalEnergies and Global Infrastructure Partners and fourth-quarter financial results below estimates.</li>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) gained 8.6% to $17.82. Lyft recently reported fourth-quarter financial results and issued guidance.</li>
<li>Manulife Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mfc#NYSE">MFC</a>) rose 7.6% to $24.34 following upbeat earnings.</li>
<li>Albemarle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>) gained 7% to $122.36 after the company reported quarterly financial results.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) rose 6.2% to $170.35 after JP Morgan upgraded the stock from Underweight to Neutral and announced an $80 price target.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/02/37156040/top-4-health-care-stocks-you-may-want-to-dump-in-february"> Top 4 Health Care Stocks You May Want To Dump In February </a>

Reliance Steel & Aluminum Posts Upbeat Earnings, Joins JFrog, AppLovin, Shake Shack And Other Big Stocks Moving Higher On Thursday

Guidance

Kadant Expects Q1 Revenue Of $238M-$246M (Est $232.85M), Adjusted EPS Of $1.90-$2.00 (Est $2.29)

Kadant Expects 2024 Revenue Of $1.04B-$1.065B (Est $968.02M), Adjusted EPS Of $9.75-$10.05 (Est $9.86)

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) reported quarterly earnings of $2.41 per share which beat the analyst consensus estimate of $2.15 by 12.09 percent. This is a 3.43 percent increase over earnings of $2.33 per share from the same period last year. The company reported quarterly sales of $238.68 million which beat the analyst consensus estimate of $227.96 million by 4.70 percent. This is a 2.83 percent increase over sales of $232.10 million the same period last year.

Earnings Beats

Kadant Q4 2023 Adj EPS $2.41 Beats $2.15 Estimate, Sales $238.68M Beat $227.96M Estimate

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) reported its Q4 earnings results on Wednesday, February 14, 2024 at 04:18 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Kadant beat estimated earnings by 12.09%, reporting an EPS of $2.41 versus an estimate of $2.15.
Revenue was up $6.58 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.42 which was followed by a 6.98% increase in the share price the next day.
Here's a look at Kadant's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.27</td>
<td>2.12</td>
<td>2.19</td>
<td>2.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.69</td>
<td>2.54</td>
<td>2.40</td>
<td>2.33</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>234.01M</td>
<td>231.15M</td>
<td>221.79M</td>
<td>219.36M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>244.18M</td>
<td>245.05M</td>
<td>229.76M</td>
<td>232.10M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Kadant <a href="https://www.benzinga.com/quote/KAI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Kadant Q4 Earnings

Barrington Research analyst Gary Prestopino reiterates Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) with a Outperform and maintains $300 price target.

Reiteration

Barrington Research Reiterates Outperform on Kadant, Maintains $300 Price Target

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Earnings Scheduled For February 14, 2024

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-14. Here's what investors need to know before the announcement.
Analysts estimate that Kadant will report an earnings per share (EPS) of $2.15. 
Kadant bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.42, which was followed by a 6.98% increase in the share price the next day.
Here's a look at Kadant's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.27</td>
<td>2.12</td>
<td>2.19</td>
<td>2.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.69</td>
<td>2.54</td>
<td>2.40</td>
<td>2.33</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.98%</td>
<td>-6.56%</td>
<td>3.34%</td>
<td>5.81%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707840056_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Kadant were trading at $310.2 as of February 12. Over the last 52-week period, shares are up 50.0%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/KAI/earnings">To track all earnings releases for Kadant visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Kadant

The acquisition was financed primarily through borrowings under Kadant&#39;s revolving credit facility.

Kadant Says Acquired KWS Manufacturing Company For ~$84M In Cash, Subject To Certain Customary Adjustments

Kadant Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kai#NYSE">KAI</a>) disclosed a deal to acquire Key Knife, Inc. and certain of its affiliates for&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/12/g36418432/kadant-to-acquire-key-knife-inc" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">around $156 million in cash</a>.
Founded in 1986, Key Knife is a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries. The company is headquartered in Tualatin, Oregon, with 141 employees located primarily in the U.S. and Canada.
Key Knife&#39;s revenue for the trailing twelve months ended September 30, 2023, stood at about $65 million, and it will become a part of Kadant&#39;s Industrial Processing reporting segment.
Jeffrey L. Powell, president and chief executive officer, said, &quot;With its strong aftermarket business and focus on providing highly engineered knife systems, Key Knife will broaden our product portfolio and strengthen our position in wood processing industries.&quot;
The acquisition is expected to close in early January 2024, subject to the customary closing conditions.
The company plans to finance the buyout primarily through borrowings under its revolving credit facility.
As of September 30, KAI&#39;s cash, cash equivalents, and restricted cash&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/10/g35525714/kadant-reports-third-quarter-2023-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">came in at $79.1 million</a>.
Price Action: KAI shares closed lower by 0.40% at $284.23 on Thursday.

Kadant's Big Move: Acquiring Key Knife For $156M To Fortify Wood Product Industry Solutions

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
Kadant Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kai#NYSE">KAI</a>) announced plans to acquire Key Knife, Inc. for approximately $156 million in cash. Kadant shares fell 0.4% to close at $284.23 on Thursday.
Titan Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttnp#NASDAQ">TTNP</a>) said its Board of Directors has approved a 1-for-20 reverse stock split. Titan Pharmaceuticals shares jumped 11.2% to $0.3670 in after-hours trading.
BioSig Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bstg#NASDAQ">BSTG</a>) filed for a mixed shelf of up to $75 million. BioSig Technologies shares fell 3.9% to $0.4558 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
SM Energy Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>) raised its quarterly cash dividend from 15 cents to 18 cents per share. SM Energy shares gained 0.3% to $39.18 in after-hours trading.
Pintec Technology Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pt#NASDAQ">PT</a>) said its total revenues fell to RMB35.09 million ($4.86 million) for the first half of 2023 from RMB39.82 million in the year-ago period. Net loss fell by 99.43% to RMB0.71 million ($0.10 million) for the same period. Pintec Technology shares gained 0.9% to $1.14 in the after-hours trading session.
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Kadant To Acquire Key Knife, Inc. For Approximately $156M In Cash

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) reported quarterly earnings of $2.69 per share which beat the analyst consensus estimate of $2.27 by 18.5 percent. This is a 13.03 percent increase over earnings of $2.38 per share from the same period last year. The company reported quarterly sales of $244.18 million which beat the analyst consensus estimate of $234.01 million by 4.35 percent. This is a 8.76 percent increase over sales of $224.51 million the same period last year.

Kadant Q3 2023 Adj EPS $2.69 Beats $2.27 Estimate, Sales $244.18M Beat $234.01M Estimate

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-10-31. Here's what investors need to know before the announcement.
Analysts estimate that Kadant will report an earnings per share (EPS) of $2.27. 
Kadant bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.42, which was followed by a 6.56% drop in the share price the next day.
Here's a look at Kadant's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.12</td>
<td>2.19</td>
<td>2.03</td>
<td>2.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.54</td>
<td>2.40</td>
<td>2.33</td>
<td>2.38</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.56%</td>
<td>3.34%</td>
<td>5.81%</td>
<td>-5.51%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698688859_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Kadant were trading at $217.99 as of October 27. Over the last 52-week period, shares are up 23.51%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/KAI/earnings">To track all earnings releases for Kadant visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Kadant Earnings Preview

Michael Colwell, Vice President at Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>), reported a large insider sell on September 26, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000886346/000088634623000134//Archives/edgar/data/886346/000088634623000134/0000886346-23-000134-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Colwell sold 1,950 shares of Kadant. The total transaction amounted to $432,206. 
Kadant shares are trading up 0.72% at $223.59 at the time of this writing on Wednesday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000886346">Check Out The Full List Of Kadant's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Vice President of Kadant Makes $432K Sale

Erin Russell, Director at Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>), reported a large insider sell on September 14, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000886346/000088634623000130//Archives/edgar/data/886346/000088634623000130/0000886346-23-000130-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Russell sold 1,250 shares of Kadant. The total transaction amounted to $274,344. 
Kadant shares are trading down 0.6% at $220.72 at the time of this writing on Friday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000886346">Check Out The Full List Of Kadant's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Kadant Director Sold $274K In Company Stock

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) reported quarterly earnings of $2.54 per share which beat the analyst consensus estimate of $2.12 by 19.81 percent. This is a 13.39 percent increase over earnings of $2.24 per share from the same period last year. The company reported quarterly sales of $245.05 million which beat the analyst consensus estimate of $231.15 million by 6.01 percent. This is a 10.56 percent increase over sales of $221.65 million the same period last year.

Kadant Q2 EPS $2.54 Beats $2.12 Estimate, Sales $245.05M Beat $231.15M Estimate

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-08-01. Here's what investors need to know before the announcement.
Analysts estimate that Kadant will report an earnings per share (EPS) of $2.12. 
Kadant bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.21, which was followed by a 3.34% increase in the share price the next day.
Here's a look at Kadant's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.19</td>
<td>2.03</td>
<td>2.12</td>
<td>2.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.40</td>
<td>2.33</td>
<td>2.38</td>
<td>2.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.34%</td>
<td>5.81%</td>
<td>-5.69%</td>
<td>-0.79%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1690837303_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Kadant were trading at $217.24 as of July 28. Over the last 52-week period, shares are up 11.16%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/KAI/earnings">To track all earnings releases for Kadant visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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