Kadant Inc (NYSE:KAI) is reporting second quarter earnings results on Tuesday 28th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.74 per share.
For the full year, analysts predict revenues of $ 644.55 million, while looking forward to income of $ 4.23 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 690.00 million ~ $ 700.00 million, where as bottomline are predicted in a range of $ 5.00 ~ $ 5.10 per share
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Previous Quarter Performance
Kadant Inc outlined income for the first quarter of $ 1.09 per share, from the revenue of $ 159.13 million. According to street consensus, KAI was expected to report 1Q20 income of $ 0.83 per share from revenue of $ 156.33 million. The bottom line results beat street analysts by $ 0.26 or 31.33 percent, at the same time, top line results outshined analysts by $ 2.80 million or 1.79 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of KAI was $ 117.10, representing a 122.16 % increase from the 52 week low of $ 52.71 and a 3.01 % decrease over the 52 week high of $ 120.74.
The company has a market capital of $ 1.34 billion and is part of the Industrials sector and Diversified Industrials industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.24 per share on May 13, 2020. The dividend were payable on August 6, 2020 to holders of record as of the close of business on July 9, 2020 and ex-dividend date on July 8, 2020.
Kadant Inc. supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems.
