Kadant Reports 2016 Second Quarter Results
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Seaport Global Securities Downgrades Kadant Inc. (KAI) to Neutral
August 5, 2016 9:52 AM EDTSeaport Global Securities downgraded Kadant Inc. (NYSE: KAI) from Accumulate to Neutral with a price target of $58.00.
Analyst Walt Liptak commented, "KAI's 2016 outlook was lowered by management due to weakness in the North American aftermarket parts sales business. KAI's parts... More
Kadant (KAI) Tops Q2 EPS by 23c
August 4, 2016 9:29 AM EDTKadant (NYSE: KAI) reported Q2 EPS of $0.88, $0.23 better than the analyst estimate of $0.65. Revenue for the quarter came in at $112 million versus the consensus estimate of $104.44 million.
GUIDANCE:
Kadant sees FY2016 EPS of $2.98-$3.04. Kadant sees FY2016 revenue of $415-421... More
