Kadant (NYSE:KAI) Stock, Quote.Headers.trade-ideas

Kadant

Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, & filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.

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Barrington Research analyst Gary Prestopino maintains Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) with a Outperform and raises the price target from $360 to $410.

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Barrington Research Maintains Outperform on Kadant, Raises Price Target to $410

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Barrington Research analyst Gary Prestopino maintains Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) with a Outperform and maintains $360 price target.

Barrington Research Maintains Outperform on Kadant, Maintains $360 Price Target

Kadant shares are trading higher after the company reported strong Q3 financials.

Summary and Outlook "Our solid performance the past three quarters has positioned us well to finish the year strong," Mr. Powell continued. "We expect demand for our capital equipment to gain momentum as our customers prepare for 2025 projects even as the industrial manufacturing sectors in Europe and Asia continue to face significant headwinds. We are narrowing our revenue guidance for the full year to $1.047 to $1.055 billion in 2024, revised from our previous guidance of $1.045 to $1.065 billion, and now expect GAAP EPS of $9.25 to $9.45 in 2024, revised from our previous GAAP EPS guidance of $9.20 to $9.45. We are raising our adjusted EPS guidance for 2024 and now expect $9.93 to $10.13, revised from our previous guidance of $9.80 to $10.05. The 2024 adjusted EPS guidance excludes $0.68 of acquisition-related costs, revised from $0.60 of acquisition-related costs in our previous guidance. For the fourth quarter of 2024, we expect revenue of $252 to $260 million, GAAP EPS of $1.81 to $2.01 and, after excluding $0.09 of acquisition-related costs, adjusted EPS of $1.90 to $2.10."

Guidance

Kadant Sees Q4 Revenue $252M-$260M Vs $263.09M Est.; Adj. EPS $1.90-$2.10 Vs $2.31 Est.

Kadant Narrows FY24 Revenue Guidance From $1.045B-$1.065B To $1.047B-$1.055B Vs $1.05B Est.; FY24 Adj. EPS From $9.80-$10.05 To $9.93-$10.13 Vs $9.93 Est.

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) reported quarterly earnings of $2.84 per share which beat the analyst consensus estimate of $2.43 by 16.87 percent. This is a 5.58 percent increase over earnings of $2.69 per share from the same period last year. The company reported quarterly sales of $271.61 million which beat the analyst consensus estimate of $266.45 million by 1.94 percent. This is a 11.23 percent increase over sales of $244.18 million the same period last year.

Kadant Q3 Adj $2.84 Beats $2.43 Estimate, Sales $271.61M Beat $266.45M Estimate

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Kadant will report an earnings per share (EPS) of $2.43.
Anticipation surrounds Kadant's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings Track Record</h3>
The company's EPS beat by $0.38 in the last quarter, leading to a 1.44% drop in the share price on the following day.
Here's a look at Kadant's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.43</td>
<td>1.88</td>
<td>2.15</td>
<td>2.27</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.81</td>
<td>2.38</td>
<td>2.41</td>
<td>2.69</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-4.0%</td>
<td>8.0%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730138490_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Kadant were trading at $316.45 as of October 25. Over the last 52-week period, shares are up 46.56%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Kadant</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Kadant.
A total of 2 analyst ratings have been received for Kadant, with the consensus rating being Neutral. The average one-year price target stands at $330.0, suggesting a potential 4.28% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Mueller Water Products, ESCO Technologies and Symbotic, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>Mueller Water Products received a Neutral consensus from analysts, with an average 1-year price target of $22.33, implying a potential 92.94% downside.</li>
<li>The consensus among analysts is an Buy trajectory for ESCO Technologies, with an average 1-year price target of $147.5, indicating a potential 53.39% downside.</li>
<li>As per analysts' assessments, Symbotic is favoring an Buy trajectory, with an average 1-year price target of $39.07, suggesting a potential 87.65% downside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
The peer analysis summary outlines pivotal metrics for Mueller Water Products, ESCO Technologies and Symbotic, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kadant</td>
<td>Neutral</td>
<td>12.12%</td>
<td>$121.89M</td>
<td>3.94%</td>
</tr>
<tr>
<td>Mueller Water Products</td>
<td>Neutral</td>
<td>9.22%</td>
<td>$131.40M</td>
<td>6.12%</td>
</tr>
<tr>
<td>ESCO Technologies</td>
<td>Buy</td>
<td>4.84%</td>
<td>$103.35M</td>
<td>2.48%</td>
</tr>
<tr>
<td>Symbotic</td>
<td>Buy</td>
<td>57.73%</td>
<td>$67.41M</td>
<td>-0.60%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Kadant ranks in the middle for consensus rating. It is at the top for revenue growth among peers. In terms of gross profit, Kadant is at the bottom. For return on equity, Kadant is also at the bottom compared to its peers.
<h3>Unveiling the Story Behind Kadant</h3>
Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, &amp; filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.
<h3>Kadant's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Kadant showcased positive performance, achieving a revenue growth rate of 12.12% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Kadant's net margin excels beyond industry benchmarks, reaching 11.39%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Kadant's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.94% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.18%, the company showcases effective utilization of assets.
Debt Management: Kadant's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.43.
<a href="https://www.benzinga.com/quote/KAI/earnings">To track all earnings releases for Kadant visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Kadant

A substantial insider sell was reported on September 30, by THOMAS LEONARD, Director at Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>), based on the recent SEC filing.
What Happened: LEONARD's recent move involves selling 2,000 shares of Kadant. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000886346/000088634624000146//Archives/edgar/data/886346/000088634624000146/0000886346-24-000146-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value is $674,796.
Kadant's shares are actively trading at $338.0, experiencing a down of 0.0% during Tuesday's morning session.
<h3>Discovering Kadant: A Closer Look</h3>
Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, &amp; filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.
<h3>Key Indicators: Kadant's Financial Health</h3>
Revenue Growth: Over the 3 months period, Kadant showcased positive performance, achieving a revenue growth rate of 12.12% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 44.36%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Kadant's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.66.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.43, Kadant adopts a prudent financial strategy, indicating a balanced approach to debt management.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: Kadant's P/E ratio of 34.77 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 3.95 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 20.17 reflects market recognition of Kadant's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000886346">Check Out The Full List Of Kadant's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Unloading: THOMAS LEONARD Sells $674K Worth Of Kadant Shares

Making a noteworthy insider sell on August 28, JOHN ALBERTINE, Director at Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>), is reported in the latest SEC filing.
What Happened: ALBERTINE's decision to sell 250 shares of Kadant was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000886346/000088634624000136//Archives/edgar/data/886346/000088634624000136/0000886346-24-000136-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $80,393.
The latest update on Thursday morning shows Kadant shares down by 0.0%, trading at $318.6.
<h3>Discovering Kadant: A Closer Look</h3>
Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, &amp; filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.
<h3>Financial Milestones: Kadant's Journey</h3>
Revenue Growth: Kadant's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 12.12%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 44.36%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Kadant's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.66.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.43.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 32.78 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 3.72 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Kadant's EV/EBITDA ratio stands at 19.09, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>The Importance of Insider Transactions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000886346">Check Out The Full List Of Kadant's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Transaction: JOHN ALBERTINE Sells $80K Worth Of Kadant Shares

Kadant shares are trading lower. The company reported Q2 financial results and issued Q3 EPS and revenue guidance with a midpoint below estimates.

IDEX Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iex#NYSE">IEX</a>) second-quarter 2024 adjusted earnings of $2.06 per share surpassed the Zacks Consensus Estimate of $2.04. The bottom line decreased approximately 6% from the year-ago quarter&#39;s earnings of $2.18 per share. However, it exceeded management&#39;s projection of $2.00-$2.05 per share.
<h3>Revenue Details</h3>
IDEX&#39;s net sales of $807.2 million missed the Zacks Consensus Estimate of $831 million.&nbsp; The top line also decreased 5% year over year. Organic sales decreased 4% year over year. Foreign currency translation had a negative impact on sales by 1%.
IEX reports net sales under three business segments, the results of which are discussed below:
Net sales from the Fluid &amp; Metering Technologies segment totaled $319.4 million, down 2% year over year. Our estimate for segmental net sales was $327 million. While organic sales were flat year over, acquisition/divestitures and foreign currency translation each had a negative impact of 1% on sales.
Net sales from the Health &amp; Science Technologies segment totaled $303.8 million, indicating a year-over-year decline of 11%. Our estimate for segmental net sales was $321 million. Organic sales declined 11% year over year.
Net sales from the Fire &amp; Safety/Diversified Products segment totaled $185.4 million, which increased marginally year over year. Our estimate for segmental net sales was $185 million. Organic sales increased 1% on a year-over-year basis while foreign currency translation hurt sales by 1%.
<div class="chart_embed">
<h3>IDEX Corporation Price, Consensus and EPS Surprise</h3>
<img alt="IDEX Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/43/1722510887.png" style="height:265px; width:583px" title="" />
IDEX Corporation price-consensus-eps-surprise-chart | IDEX Corporation Quote
</div>
<h3>Margin Profile</h3>
IDEX&#39;s cost of sales decreased 5.9% year over year to $440.4 million. The gross profit was $366.8 million, down 3% year over year. The gross margin was 45.4% compared with 44.7% in the year-ago quarter.
Selling, general and administrative expenses increased 4.9% year over year to $182.8 million. Adjusted EBITDA decreased 6.9% year over year to $224.2 million. The adjusted EBITDA margin decreased 60 bps year over year to 27.8%.
The operating income was $182.7 million, down 8.7% year over year. The operating margin was 22.6%, down 100 bps year over year. Interest expenses (net) decreased 39.1% year over year to $8.1 million.
<h3>Balance Sheet and Cash Flow</h3>
While exiting the second quarter, IDEX&#39;s cash and cash equivalents were $700.7 million compared with $534.3 million at the end of fourth-quarter 2023. Long-term borrowings (net) were $1.30 billion compared with $1.33 billion at the end of fourth-quarter 2023.
In the first six months of 2024, IDEX generated net cash of $290.2 million from operating activities, up 0.4% from the year-ago period. Capital expenditures were $35.9 million compared with $48.2 million in the first six months of 2023. In the same period, free cash flow was $254.3 million, up 5.5% year over year.
Idex paid out dividends totaling $100.7 million in the first six months of 2024, up 7.2% year over year.
<h3>Outlook</h3>
For the third quarter, IDEX anticipates adjusted earnings to be in the band of $1.85-$1.90 per share.
On a GAAP basis, IEX predicts earnings to be in the range of $1.61-$1.66 per share and a 0-1% increase in organic sales from the respective year-ago readings.
For 2024, IDEX anticipates adjusted earnings to be $7.80-$7.90 per share, down from the earlier projected range of $8.15 - $8.45. The figure indicates a decrease from earnings of $8.22 per share reported in 2023. On a GAAP basis, earnings are predicted to be $6.85-$6.95 per share, down from the earlier guided range of $7.13-$7.43.
Organic sales are predicted to decline 1-2% compared with the 0-2% decline guided earlier.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
IDEX currently carries a Zacks Rank #4 (Sell). Some better-ranked companies from the Industrial Products sector have been discussed below:
Kadant Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kai#NYSE">KAI</a>) presently sports a Zacks Rank #1 (Strong Buy).
It has a trailing four-quarter average earnings surprise of 18%.
The Zacks Consensus Estimate for KAI&#39;s 2024 earnings has increased 0.2% in the past 60 days.
Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank #2 (Buy). FLS delivered a trailing four-quarter average earnings surprise of 18.2%.
In the past 60 days, the consensus estimate for Flowserve&#39;s 2024 earnings has increased 0.8%.
Emerson Electric Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emr#NYSE">EMR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 10.7%.
In the past 60 days, the Zacks Consensus Estimate for EMR&#39;s 2024 earnings has increased 0.4%.
<a href="https://www.zacks.com/stock/news/2313904/idex-iex-q2-earnings-top-estimates-sales-miss-24-view-down?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313904">To read this article on Zacks.com click here.</a>

IDEX Q2 Earnings Top Estimates, Sales Miss, '24 View Down

DA Davidson analyst Kurt Yinger maintains Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) with a Neutral and raises the price target from $290 to $300.

DA Davidson Maintains Neutral on Kadant, Raises Price Target to $300

Summary and Outlook "With our excellent start to the year and ability to generate strong cash flows, we are well positioned to capitalize on new opportunities that may emerge in the second half of 2024," Mr. Powell continued. "We expect industrial demand in the second half of the year to be similar to the first half of the year, despite persistent economic headwinds in certain regions. We are raising the low end of our revenue and adjusted EPS guidance for the full year and now expect revenue of $1.045 to $1.065 billion in 2024, revised from our previous guidance of $1.040 to $1.065 billion. Our adjusted EPS guidance for 2024 is now $9.80 to $10.05, revised from our previous guidance of $9.75 to $10.05. The 2024 adjusted EPS guidance excludes $0.60 of acquisition-related costs, revised from $0.36 of acquisition-related costs in our previous guidance. We now expect GAAP EPS of $9.20 to $9.45 in 2024, revised from our previous GAAP EPS guidance of $9.39 to $9.69. For the third quarter of 2024, we expect revenue of $257 to $269 million, GAAP EPS of $2.27 to $2.39 and, after excluding $0.09 of acquisition-related costs, adjusted EPS of $2.36 to $2.48."

Kadant Sees Q3 EPS $2.36-$2.48 Vs $2.67 Est.; Revenue $257M-$269M Vs $273.88M Est.; Raises FY24 EPS From $9.75-$10.05 To $9.80-$10.05 Vs $10.03 Est.; Revenue From $1.04B-$1.065B To $1.045B-$1.065B Vs $1.06B Est.

Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>) reported quarterly earnings of $2.81 per share which beat the analyst consensus estimate of $2.43 by 15.64 percent. This is a 10.63 percent increase over earnings of $2.54 per share from the same period last year. The company reported quarterly sales of $274.76 million which beat the analyst consensus estimate of $263.41 million by 4.31 percent. This is a 12.12 percent increase over sales of $245.05 million the same period last year.

Kadant Q2 Adj $2.81 Beats $2.43 Estimate, Sales $274.76M Beat $263.41M Estimate

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Barnes Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/b#NYSE">B</a>) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company&#39;s year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Barnes Group is one of 218 individual stocks in the Industrial Products sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Barnes Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for B&#39;s full-year earnings has moved 2.7% higher. This means that analyst sentiment is stronger and the stock&#39;s earnings outlook is improving.
According to our latest data, B has moved about 33.4% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 8.7%. This means that Barnes Group is outperforming the sector as a whole this year.
Another stock in the Industrial Products sector, Kadant (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kai#NYSE">KAI</a>), has outperformed the sector so far this year. The stock&#39;s year-to-date return is 21.1%.
For Kadant, the consensus EPS estimate for the current year has increased 0.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Barnes Group belongs to the Manufacturing - General Industrial industry, which includes 44 individual stocks and currently sits at #73 in the Zacks Industry Rank. On average, stocks in this group have gained 9.6% this year, meaning that B is performing better in terms of year-to-date returns. Kadant is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track Barnes Group and Kadant. These stocks will be looking to continue their solid performance.
<a href="https://www.zacks.com/stock/news/2304354/is-barnes-group-b-stock-outpacing-its-industrial-products-peers-this-year?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_1-2304354">To read this article on Zacks.com click here.</a>

Across the recent three months, 4 analysts have shared their insights on Kadant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAI#NYSE">KAI</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $360.0, a high estimate of $360.00, and a low estimate of $360.00. No alteration is observed as the current average remains at the previous average price target. 
<img src="https://www.benzinga.com/files/images/story/2024/1719410473_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Kadant by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$360.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$360.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$360.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$360.00</td>
<td>$360.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Kadant. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Kadant compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Kadant's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Kadant's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KAI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kadant analyst ratings.</a>
<h2>Get to Know Kadant Better</h2>
Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, &amp; filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.
<h3>Financial Milestones: Kadant's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Kadant's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 8.36%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Kadant's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.92%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Kadant's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.17%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Kadant's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.91%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.4.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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