Equities analysts predict that Kennametal Inc. (NYSE:KMT) will announce earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Kennametal’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.45. Kennametal posted earnings per share of $0.24 in the same quarter last year, which indicates a positive year over year growth rate of 116.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 7th.
On average, analysts expect that Kennametal will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.60. For the next fiscal year, analysts forecast that the company will post earnings of $2.91 per share, with EPS estimates ranging from $2.81 to $3.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Kennametal.
Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.17. The company had revenue of $542.45 million during the quarter, compared to the consensus estimate of $516.80 million. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS.
Several research analysts have weighed in on the company. Jefferies Group upped their price target on Kennametal from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Credit Suisse Group upped their price target on Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. BMO Capital Markets upped their price objective on Kennametal from $45.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 13th. TheStreet raised Kennametal from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. Finally, ValuEngine cut Kennametal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Kennametal presently has a consensus rating of “Hold” and an average target price of $45.86.
In related news, Director Steven H. Wunning sold 4,445 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $46.63, for a total transaction of $207,270.35. Following the sale, the director now owns 29,693 shares in the company, valued at approximately $1,384,584.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy R. Mclevish sold 7,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $47.00, for a total value of $329,000.00. Following the sale, the director now owns 78,904 shares in the company, valued at approximately $3,708,488. The disclosure for this sale can be found here. Insiders have sold a total of 59,570 shares of company stock worth $2,816,345 in the last 90 days. 2.00% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in KMT. Fortaleza Asset Management Inc. purchased a new stake in Kennametal in the third quarter worth $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kennametal by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,556 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 272 shares during the period. Hartford Investment Management Co. purchased a new stake in Kennametal in the third quarter worth $202,000. World Asset Management Inc purchased a new stake in Kennametal in the third quarter worth $207,000. Finally, Trexquant Investment LP purchased a new stake in Kennametal in the third quarter worth $207,000. Institutional investors and hedge funds own 98.59% of the company’s stock.
Kennametal (NYSE KMT) traded down $0.07 during mid-day trading on Monday, reaching $48.46. The company’s stock had a trading volume of 477,400 shares, compared to its average volume of 914,787. Kennametal has a 1-year low of $31.12 and a 1-year high of $49.31. The company has a quick ratio of 1.41, a current ratio of 2.71 and a debt-to-equity ratio of 0.63. The company has a market cap of $3,930.00, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 2.29 and a beta of 1.98.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Tuesday, November 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.80 annualized dividend and a yield of 1.65%. Kennametal’s payout ratio is presently 59.26%.
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Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.
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