Kennametal (KMT) Scheduled to Post Earnings on Wednesday

Kennametal (NYSE:KMT) will be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Kennametal to post earnings of $0.31 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $495.30 million for the quarter, compared to the consensus estimate of $498.99 million. Kennametal had a net margin of 5.86% and a return on equity of 9.94%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. On average, analysts expect Kennametal to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kennametal Stock Performance

Shares of NYSE KMT opened at $24.54 on Monday. The firm’s 50-day moving average price is $24.37 and its 200-day moving average price is $24.32. The company has a quick ratio of 1.06, a current ratio of 2.44 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.95 billion, a PE ratio of 16.36, a PEG ratio of 3.29 and a beta of 1.76. Kennametal has a 52-week low of $22.08 and a 52-week high of $30.60.

Kennametal announced that its board has approved a stock buyback plan on Wednesday, February 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the industrial products company to buy up to 10.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Kennametal

In related news, VP John Wayne Witt sold 1,000 shares of Kennametal stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $25.55, for a total transaction of $25,550.00. Following the transaction, the vice president now owns 1,343 shares in the company, valued at approximately $34,313.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KMT shares. StockNews.com raised shares of Kennametal from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of Kennametal from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, February 8th. Barclays reduced their price objective on Kennametal from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 2nd. Finally, Morgan Stanley initiated coverage on Kennametal in a research report on Monday, January 8th. They set an “equal weight” rating and a $24.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.58.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.