EPS for Kadant Inc. (KAI) Expected At $0.99

July 13, 2018 - By Clifton Ray

Kadant Inc. (NYSE:KAI) LogoInvestors sentiment decreased to 0.71 in Q1 2018. Its down 0.39, from 1.1 in 2017Q4. It dropped, as 20 investors sold Kadant Inc. shares while 67 reduced holdings. 32 funds opened positions while 30 raised stakes. 9.01 million shares or 2.09% less from 9.20 million shares in 2017Q4 were reported.
Trexquant L P, Connecticut-based fund reported 2,441 shares. Century Companies Inc holds 114,567 shares or 0.01% of its portfolio. Us Bankshares De invested in 1,454 shares or 0% of the stock. Eulav Asset holds 0.04% or 8,600 shares in its portfolio. Menta Capital Limited Liability Company holds 0.04% or 2,200 shares. Lazard Asset Management Ltd Limited Liability Company holds 5,137 shares. Point72 Asia (Hong Kong) owns 756 shares or 0.04% of their US portfolio. Wasatch Advisors invested in 0.23% or 185,239 shares. Ameritas Investment stated it has 952 shares. Amer Gp Inc invested in 6,936 shares or 0% of the stock. Zacks Investment Mngmt reported 0.08% stake. Stone Ridge Asset Lc has 0.05% invested in Kadant Inc. (NYSE:KAI). State Common Retirement Fund has 31,716 shares. Teacher Retirement Systems Of Texas, Texas-based fund reported 2,446 shares. Covington Management stated it has 0% in Kadant Inc. (NYSE:KAI).

Since February 26, 2018, it had 0 insider buys, and 4 sales for $1.80 million activity. 2,000 shares valued at $188,782 were sold by Tully William P on Wednesday, May 2. On Wednesday, March 7 Powell Jeffrey L sold $618,823 worth of Kadant Inc. (NYSE:KAI) or 6,102 shares.

Analysts expect Kadant Inc. (NYSE:KAI) to report $0.99 EPS on August, 7.They anticipate $0.05 EPS change or 4.81 % from last quarter’s $1.04 EPS. KAI’s profit would be $10.98M giving it 24.17 P/E if the $0.99 EPS is correct. After having $1.07 EPS previously, Kadant Inc.’s analysts see -7.48 % EPS growth. The stock increased 0.53% or $0.5 during the last trading session, reaching $95.7. About 34,608 shares traded. Kadant Inc. (NYSE:KAI) has risen 39.64% since July 13, 2017 and is uptrending. It has outperformed by 27.07% the S&P500.

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 $1.06 billion. The firm operates in two divisions, Papermaking Systems and Wood Processing Systems. It has a 32.88 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.

Another recent and important Kadant Inc. (NYSE:KAI) news was published by Investorplace.com which published an article titled: “US Manufacturing Sector Firing on All Cylinders: 5 Top Picks” on July 09, 2018.

Kadant Inc. (NYSE:KAI) Institutional Positions Chart

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