Kadant Inc. (NYSE: KAI) has reported earnings for its first fiscal quarter (ending March 31) of $2.11 versus $2.40 for the same period a year ago — a decline of -12%. This result fell short of the consensus estimate of $2.27 by $-0.16. For the latest four quarters through March 31, E.P.S. were $9.63 versus $9.24 for the same period a year ago — an increase of 4%.
Recent Price Action
On 4/30/24, Kadant Inc. (NYSE: KAI) stock declined by -4.7%, closing at $273.79. Moreover, trading volume in this decline was above average at 137% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.2% during the last week.
Current PriceTarget Research Rating
KAI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Kadant has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Kadant has a poor Appreciation Score of 20 but a very high Power Rating of 87, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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