Equities research analysts forecast that Kennametal Inc. (NYSE:KMT) will post $0.52 earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for Kennametal’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.45. Kennametal reported earnings per share of $0.24 in the same quarter last year, which would suggest a positive year over year growth rate of 116.7%. The firm is scheduled to issue its next earnings report 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 year, analysts forecast that the firm will report earnings of $2.91 per share, with EPS estimates ranging from $2.81 to $3.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Kennametal.
Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.38 by $0.17. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The company had revenue of $542.45 million during the quarter, compared to analysts’ expectations of $516.80 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue was up 13.6% on a year-over-year basis.
Several brokerages have recently issued reports on KMT. BMO Capital Markets upped their target price on shares of Kennametal from $45.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 13th. Credit Suisse Group upped their target price on shares of Kennametal from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Kennametal from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, October 4th. ValuEngine cut shares of Kennametal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group restated a “buy” rating and issued a $50.00 target price on shares of Kennametal in a report on Friday, October 20th. One equities research 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. The company has an average rating of “Hold” and an average price target of $47.32.
Kennametal (KMT) opened at $50.28 on Thursday. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. Kennametal has a twelve month low of $32.23 and a twelve month high of $51.07. The company has a market cap of $4,070.00, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 2.37 and a beta of 1.98.
In related news, Director Steven H. Wunning sold 4,445 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $46.63, for a total value of $207,270.35. Following the completion of 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 SEC, which can be accessed through the SEC website. Also, VP Judith L. Bacchus sold 18,125 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $47.00, for a total transaction of $851,875.00. Following the completion of the sale, the vice president now owns 38,528 shares of the company’s stock, valued at approximately $1,810,816. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,570 shares of company stock valued at $2,816,345. Company insiders own 2.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in KMT. Janus Henderson Group PLC purchased a new stake in Kennametal in the 2nd quarter valued at $76,161,000. Vanguard Group Inc. raised its position in Kennametal by 18.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,290,187 shares of the industrial products company’s stock valued at $310,219,000 after purchasing an additional 1,263,163 shares during the last quarter. American Century Companies Inc. raised its position in Kennametal by 39.4% in the 3rd quarter. American Century Companies Inc. now owns 2,382,709 shares of the industrial products company’s stock valued at $96,118,000 after purchasing an additional 673,230 shares during the last quarter. Alliancebernstein L.P. raised its position in Kennametal by 48.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,543,511 shares of the industrial products company’s stock valued at $57,758,000 after purchasing an additional 501,090 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Kennametal by 131.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 841,647 shares of the industrial products company’s stock valued at $31,494,000 after purchasing an additional 478,446 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.
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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