For its third fiscal quarter (ending September 30), Kadant Inc. (NYSE: KAI) has reported a 2% increase in E.P.S. from $2.64 a year ago to $2.69 in the current quarter. For the latest four quarters through September 30, E.P.S. were $9.80 versus $9.82 for the same period a year ago — a decline of -0%.
Recent Price Action
Kadant Inc. (NYSE: KAI) stock declined slightly by -0.5% on 10/29/24. The stock closed at $320.55. However, trading volume in this decline was below average at 72% of normal. The stock has performed in line with the market over the last nine months and has declined -1.1% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Kadant has a neutral Power Rating of 49 but a poor Appreciation Score of 21, and the Negative Value Trend Rating results.
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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