Date | Price Target | Rating | Analyst |
---|---|---|---|
7/7/2023 | Outperform | William Blair |
10-Q - KADANT INC (0000886346) (Filer)
8-K - KADANT INC (0000886346) (Filer)
8-K - KADANT INC (0000886346) (Filer)
4 - KADANT INC (0000886346) (Issuer)
4 - KADANT INC (0000886346) (Issuer)
4 - KADANT INC (0000886346) (Issuer)
WESTFORD, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced today it was named one of "America's Greatest Workplaces for Parents and Families 2024" by Newsweek magazine. The award recognizes 1,000 U.S. workplaces based on more than 693,000 reviews. "We are honored to be recognized for creating an environment that highly values our employees, their families, and our communities," said Jeffrey L. Powell, president and chief executive officer of Kadant. "Our people are our most valuable resource, and developing a culture that allows them to thrive has allowed Kadant to deliver exceptional value to all stakeholders." The rankings are based on eight categories relevan
WESTFORD, Mass., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.32 per share to be paid on November 7, 2024 to stockholders of record as of the close of business on October 10, 2024. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. About KadantKadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing. The Company's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productiv
WESTFORD, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the second quarter ended June 29, 2024. Second Quarter Financial Highlights Revenue increased 12% to a record $275 millionGross margin was 44.4%Operating cash flow increased 25% to $28 millionFree cash flow increased 69% to $23 millionNet income increased 5% to $31 millionGAAP EPS increased 5% to $2.66Adjusted EPS increased 11% to a record $2.81Adjusted EBITDA was a record $62 million and represented a record 22.5% of revenueBookings increased 17% to $252 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EP
WESTFORD, Mass., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.32 per share to be paid on November 7, 2024 to stockholders of record as of the close of business on October 10, 2024. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. About KadantKadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing. The Company's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productiv
WESTFORD, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the second quarter ended June 29, 2024. Second Quarter Financial Highlights Revenue increased 12% to a record $275 millionGross margin was 44.4%Operating cash flow increased 25% to $28 millionFree cash flow increased 69% to $23 millionNet income increased 5% to $31 millionGAAP EPS increased 5% to $2.66Adjusted EPS increased 11% to a record $2.81Adjusted EBITDA was a record $62 million and represented a record 22.5% of revenueBookings increased 17% to $252 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EP
WESTFORD, Mass., July 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024 and will hold a webcast the next day, Wednesday, July 31, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and
Across the recent three months, 4 analysts have shared their insights on Kadant (NYSE:KAI), expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 2 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $360.0, a high estimate of $360.00, and a low estimate of $360.00. No alteration i
Barrington Research analyst Gary Prestopino maintains Kadant (NYSE:KAI) with a Outperform and maintains $360 price target.
Kadant's (NYSE:KAI) short percent of float has risen 15.28% since its last report. The company recently reported that it has 1.32 million shares sold short, which is 12.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 17.25 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
William Blair resumed coverage of Kadant with a rating of Outperform
Barrington Research reiterated coverage of Kadant with a rating of Outperform and set a new price target of $200.00 from $190.00 previously
Barrington Research reiterated coverage of Kadant with a rating of Outperform and set a new price target of $190.00 from $175.00 previously
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 seven directors and the appointment of Rebecca Martinez O'Mara to its board of directors effective May 1, 2022. Ms. O'Mara was appointed to the class of directors the term for which expires at Kadant's 2024 annual meeting of stockholders. Ms. O'Mara served as the president of industrial services for Stanley Black & Decker, Inc., a Fortune 500 manufacturer of industrial tools and household hardware. She was previously vice president of services and solutions at Grundfos Holdings A/S, a globa
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