EPS for Kadant Inc. (KAI) Expected At $1.08

February 13, 2018 - By Ivan Hodges

 EPS for Kadant Inc. (KAI) Expected At $1.08
Investors sentiment increased to 1.38 in Q3 2017. Its up 0.21, from 1.17 in 2017Q2. It is positive, as 12 investors sold Kadant Inc. shares while 43 reduced holdings. 33 funds opened positions while 43 raised stakes. 9.19 million shares or 0.66% more from 9.12 million shares in 2017Q2 were reported.
Great West Life Assurance Can has invested 0% in Kadant Inc. (NYSE:KAI). Us Fincl Bank De owns 1,408 shares. Oak Ltd Oh invested in 0.06% or 7,630 shares. Johnson Financial Group Inc accumulated 0% or 15 shares. Credit Agricole S A has invested 0.01% in Kadant Inc. (NYSE:KAI). Ameriprise Fincl owns 68,579 shares or 0% of their US portfolio. Goldman Sachs Gru has 0% invested in Kadant Inc. (NYSE:KAI) for 96,110 shares. Vanguard stated it has 0% of its portfolio in Kadant Inc. (NYSE:KAI). Thrivent Fincl For Lutherans owns 0.03% invested in Kadant Inc. (NYSE:KAI) for 79,406 shares. Kennedy reported 0.09% in Kadant Inc. (NYSE:KAI). Origin Asset Mgmt Llp holds 0.02% in Kadant Inc. (NYSE:KAI) or 3,690 shares. 10,353 are owned by Art Advsrs. Moreover, Macquarie Gru Limited has 0.09% invested in Kadant Inc. (NYSE:KAI). Oakworth Cap Inc reported 11 shares. Voya Invest Limited Liability Co holds 6,041 shares or 0% of its portfolio.

Since September 18, 2017, it had 0 insider buys, and 4 selling transactions for $1.15 million activity. MCKENNEY MICHAEL J also sold $140,357 worth of Kadant Inc. (NYSE:KAI) on Friday, December 15. The insider Tully William P sold 1,250 shares worth $112,000. Shares for $492,800 were sold by ALBERTINE JOHN M.

Analysts expect Kadant Inc. (NYSE:KAI) to report $1.08 EPS on February, 22.They anticipate $0.39 EPS change or 56.52 % from last quarter’s $0.69 EPS. KAI’s profit would be $11.88M giving it 21.71 P/E if the $1.08 EPS is correct. After having $1.49 EPS previously, Kadant Inc.’s analysts see -27.52 % EPS growth. The stock increased 0.16% or $0.15 during the last trading session, reaching $93.8. About 39,694 shares traded. Kadant Inc. (NYSE:KAI) has risen 45.38% since February 14, 2017 and is uptrending. It has outperformed by 28.68% the S&P500.

Kadant Inc. (NYSE:KAI) Ratings Coverage

Among 6 analysts covering Kadant (NYSE:KAI), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Kadant had 7 analyst reports since August 12, 2015 according to SRatingsIntel. William Blair initiated the shares of KAI in report on Friday, September 16 with “Market Perform” rating. The company was initiated on Thursday, October 29 by Macquarie Research. Barrington Research maintained Kadant Inc. (NYSE:KAI) on Friday, August 5 with “Outperform” rating. The firm earned “Buy” rating on Thursday, August 18 by Seaport Global. Sidoti downgraded the shares of KAI in report on Tuesday, October 3 to “Neutral” rating. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Hold”.

Kadant Inc. supplies equipment and components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company has market cap of $1.03 billion. The firm operates in two divisions, Papermaking Systems and Wood Processing Systems. It has a 27.74 P/E ratio. The Papermaking Systems segment develops, makes, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, and related equipment used in the processing of recyclable and waste materials; and fluid-handling systems used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food.

More news for Kadant Inc. (NYSE:KAI) were recently published by: Gurufocus.com, which released: “Anderson Hoagland & Co Buys Total SA, Kadant Inc, FMC Corp, Sells General …” on January 18, 2018. Globenewswire.com‘s article titled: “Kadant to Hold Earnings Conference Call on Friday, February 16, 2018” and published on February 12, 2018 is yet another important article.

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