Kennametal (KMT) to Release Quarterly Earnings on Wednesday

Kennametal (NYSE:KMT) will be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The firm had revenue of $543.31 million during the quarter, compared to the consensus estimate of $532.72 million. Kennametal had a net margin of 5.34% and a return on equity of 9.17%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, analysts expect Kennametal to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kennametal Trading Up 0.8 %

Shares of KMT stock opened at $25.52 on Monday. Kennametal has a fifty-two week low of $22.38 and a fifty-two week high of $27.04. The firm’s 50 day moving average price is $25.41 and its two-hundred day moving average price is $24.88. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 2.82 and a beta of 1.64. The company has a quick ratio of 1.17, a current ratio of 2.41 and a debt-to-equity ratio of 0.46.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Loop Capital upped their price target on shares of Kennametal from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Barclays upped their target price on Kennametal from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. StockNews.com upgraded Kennametal from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Bank of America lowered Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 price target on the stock. in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.60.

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.