Kennametal (KMT) to Release Earnings on Wednesday

Kennametal (NYSE:KMTGet Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $488.59 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Kennametal (NYSE:KMTGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The firm had revenue of $481.90 million for the quarter, compared to the consensus estimate of $485.26 million. Kennametal had a return on equity of 8.35% and a net margin of 4.98%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.41 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 Down 1.2 %

KMT stock opened at $23.95 on Monday. The business has a 50-day moving average of $25.43 and a 200-day moving average of $25.68. Kennametal has a fifty-two week low of $22.50 and a fifty-two week high of $32.18. The stock has a market capitalization of $1.86 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.32 and a beta of 1.67. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.52 and a quick ratio of 1.16.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, February 11th. Kennametal’s dividend payout ratio (DPR) is currently 62.50%.

Insider Activity at Kennametal

In other news, VP John Wayne Witt sold 1,765 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $29.35, for a total transaction of $51,802.75. Following the completion of the sale, the vice president now owns 1,642 shares in the company, valued at approximately $48,192.70. This trade represents a 51.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Franklin Cardenas sold 20,470 shares of Kennametal stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $28.24, for a total transaction of $578,072.80. Following the sale, the vice president now directly owns 39,581 shares of the company’s stock, valued at $1,117,767.44. The trade was a 34.09 % decrease in their position. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMT. Barclays cut their price objective on shares of Kennametal from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley boosted their price target on shares of Kennametal from $24.50 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $32.00 in a report on Friday, December 6th. StockNews.com raised Kennametal from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, Loop Capital increased their price target on Kennametal from $24.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Kennametal presently has an average rating of “Hold” and a consensus price target of $27.67.

View Our Latest Stock Analysis on Kennametal

Kennametal Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Kennametal (NYSE:KMT)

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