Kennametal Inc. (NYSE:KMT) Expected to Post Earnings of $0.42 Per Share

Wall Street analysts expect that Kennametal Inc. (NYSE:KMTGet Rating) will post earnings of $0.42 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kennametal’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.45. Kennametal reported earnings per share of $0.32 during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.3%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Kennametal will report full year earnings of $1.81 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.90. For the next fiscal year, analysts anticipate that the business will report earnings of $2.35 per share, with EPS estimates ranging from $1.98 to $2.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Kennametal.

Kennametal (NYSE:KMTGet Rating) last announced its earnings results on Sunday, February 6th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). Kennametal had a return on equity of 10.26% and a net margin of 6.31%. The company had revenue of $486.67 million for the quarter, compared to the consensus estimate of $495.96 million. During the same period last year, the firm posted $0.16 EPS. The company’s revenue was up 10.5% compared to the same quarter last year.

KMT has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on Kennametal from $33.00 to $29.00 and set a “sell” rating on the stock in a report on Thursday, April 7th. TheStreet cut shares of Kennametal from a “b” rating to a “c+” rating in a research report on Friday, February 25th. Barclays lowered their price objective on shares of Kennametal from $35.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, April 4th. Zacks Investment Research lowered Kennametal from a “hold” rating to a “sell” rating and set a $35.00 target price for the company. in a report on Wednesday, February 9th. Finally, Loop Capital lowered Kennametal from a “buy” rating to a “hold” rating and reduced their price objective for the company from $41.00 to $29.00 in a report on Wednesday, April 6th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Kennametal presently has a consensus rating of “Hold” and a consensus target price of $36.33.

KMT stock opened at $26.65 on Thursday. Kennametal has a twelve month low of $25.67 and a twelve month high of $42.63. The company has a market cap of $2.21 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 3.09 and a beta of 1.98. The company has a quick ratio of 1.10, a current ratio of 2.39 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average is $29.22 and its 200-day moving average is $33.79.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.00%. Kennametal’s dividend payout ratio (DPR) is 54.42%.

In other Kennametal news, Director Joseph Alvarado purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 14th. The stock was bought at an average cost of $29.05 per share, for a total transaction of $29,050.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.47% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Kennametal by 1.7% during the 4th quarter. BlackRock Inc. now owns 9,489,405 shares of the industrial products company’s stock valued at $340,766,000 after acquiring an additional 161,107 shares during the last quarter. Ariel Investments LLC grew its stake in Kennametal by 2.0% during the 4th quarter. Ariel Investments LLC now owns 8,917,279 shares of the industrial products company’s stock worth $320,219,000 after purchasing an additional 174,596 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kennametal by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,865,775 shares of the industrial products company’s stock worth $102,910,000 after buying an additional 12,031 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of Kennametal by 1.3% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,845,361 shares of the industrial products company’s stock worth $102,177,000 after purchasing an additional 35,719 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Kennametal by 5.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,712,940 shares of the industrial products company’s stock worth $97,422,000 after acquiring an additional 142,417 shares in the last quarter.

Kennametal Company Profile (Get Rating)

Kennametal Inc develops and applies 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. It operates through two segments, Metal Cutting and Infrastructure.

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Earnings History and Estimates for Kennametal (NYSE:KMT)

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