Kadant Declares Cash Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2022
0mins
Source: globenewswire
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Analyst Views on KAI
Wall Street analysts forecast KAI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KAI is 360.00 USD with a low forecast of 340.00 USD and a high forecast of 380.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 316.260
Low
340.00
Averages
360.00
High
380.00
Current: 316.260
Low
340.00
Averages
360.00
High
380.00
About KAI
Kadant Inc. is a global supplier of technologies and engineered systems that drive sustainable industrial processing. The Company’s segments include Flow Control, Industrial Processing, and Material Handling. Its Flow Control segment provides custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications to keep critical processes running efficiently in the packaging, tissue, food, metals, energy, and other industrial sectors. Its Industrial Processing segment provides equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries, among others. Its Material Handling segment provides products and engineered systems used to handle bulk and discrete materials for secondary processing or transport in the aggregates, mining, food, and waste management industries, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kadant Enters Agreement to Acquire voestalpine BÖHLER Profil
- Acquisition Agreement: Kadant has announced a definitive agreement to acquire Austria-based voestalpine BÖHLER Profil GmbH & Co KG, expected to close in the first quarter of 2026, marking a strategic expansion in the industrial processing sector.
- Financing Strategy: The acquisition will primarily be financed through Kadant's revolving credit facility, demonstrating the company's flexibility in capital management and financial strategy.
- Business Integration Plan: Upon closing, voestalpine BÖHLER Profil will become part of Kadant's Industrial Processing reporting segment and will be renamed Kadant Profil GmbH & Co KG, which is expected to enhance Kadant's competitive position in high-end industrial applications.
- Focus on Industry Specialization: voestalpine BÖHLER Profil specializes in near-net-shape rolling, delivering high-quality niche solutions, and the acquisition will further enrich Kadant's product offerings to meet the demanding needs of the industrial sector.
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Kadant Inc. Reports Lower Q3 Profit, Exceeding Expectations
Earnings Performance: Kadant Inc. reported third-quarter earnings of $27.72 million ($2.35 per share), a decrease from $31.59 million ($2.68 per share) last year, but exceeded analysts' expectations of $2.16 per share.
Adjusted Earnings: Excluding special items, the company posted adjusted earnings of $30.57 million or $2.59 per share for the quarter.
Revenue Comparison: The company's revenue remained relatively stable, falling slightly to $271.57 million from $271.61 million in the previous year.
Future Guidance: Kadant Inc. provided guidance for the next quarter with EPS expected between $2.05 - $2.25 and revenue between $270 million - $280 million, while revising full-year revenue guidance to $1.036 billion - $1.046 billion.
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