Kadant Inc. (NYSE: KAI) has reported earnings for its second fiscal quarter (ending June 30) of $2.66 versus $2.54 for the same period a year ago. E.P.S. were $9.75 for the latest four quarters through June 30 versus $9.54 for the same period a year ago.
Recent Price Action
Kadant Inc. (NYSE: KAI) stock closed at $356.64 on 7/30/24 after a modest gain of 0.9%. NORMAL trading volume accompanied the advance. The stock has risen 4.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, KAI is expected to continue to be an important Value Builder.
Kadant has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Kadant has a poor Appreciation Score of 16 but a slightly positive Power Rating of 64, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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