$0.20 Earnings Per Share Expected for Kennametal Inc. (NYSE:KMT) This Quarter

Wall Street analysts expect that Kennametal Inc. (NYSE:KMT) will post earnings per share of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Kennametal’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.15. Kennametal posted earnings of $0.71 per share in the same quarter last year, which suggests a negative year over year growth rate of 71.8%. The company is scheduled to issue its next earnings report on Monday, February 3rd.

According to Zacks, analysts expect that Kennametal will report full year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.83. For the next financial year, analysts anticipate that the company will post earnings of $2.42 per share, with EPS estimates ranging from $2.20 to $2.60. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Kennametal.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Kennametal had a return on equity of 15.40% and a net margin of 8.31%. The firm had revenue of $518.09 million during the quarter, compared to analyst estimates of $517.49 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. The business’s quarterly revenue was down 11.7% compared to the same quarter last year.

A number of equities analysts have issued reports on KMT shares. TheStreet cut shares of Kennametal from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Wells Fargo & Co dropped their target price on shares of Kennametal from $34.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. ValuEngine cut Kennametal from a “buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reduced their price target on Kennametal from $30.50 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, October 22nd. Finally, Longbow Research lowered Kennametal from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $34.63.

In other news, VP Ronald L. Port sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.12, for a total value of $51,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cindy L. Davis sold 4,644 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $34.15, for a total value of $158,592.60. Following the completion of the transaction, the director now owns 11,529 shares of the company’s stock, valued at approximately $393,715.35. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMT. BlackRock Inc. lifted its position in Kennametal by 1.5% during the second quarter. BlackRock Inc. now owns 9,669,598 shares of the industrial products company’s stock valued at $357,679,000 after buying an additional 147,035 shares during the period. Invesco Ltd. grew its holdings in Kennametal by 11.2% in the second quarter. Invesco Ltd. now owns 2,789,651 shares of the industrial products company’s stock worth $103,189,000 after purchasing an additional 281,656 shares during the period. Northern Trust Corp grew its holdings in Kennametal by 2.1% in the second quarter. Northern Trust Corp now owns 1,617,215 shares of the industrial products company’s stock worth $59,821,000 after purchasing an additional 33,560 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Kennametal by 14.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,285,103 shares of the industrial products company’s stock valued at $39,504,000 after purchasing an additional 157,464 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Kennametal by 752.3% during the second quarter. Nuveen Asset Management LLC now owns 680,895 shares of the industrial products company’s stock valued at $25,187,000 after purchasing an additional 601,004 shares in the last quarter. Institutional investors own 96.27% of the company’s stock.

NYSE:KMT traded up $0.02 during midday trading on Friday, reaching $34.93. 53,388 shares of the stock traded hands, compared to its average volume of 794,867. The stock has a market capitalization of $2.89 billion, a P/E ratio of 11.53, a PEG ratio of 2.35 and a beta of 2.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.21 and a current ratio of 2.54. The company has a fifty day moving average of $33.06 and a 200 day moving average of $32.24. Kennametal has a 12 month low of $27.49 and a 12 month high of $42.03.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.29%. Kennametal’s dividend payout ratio (DPR) is presently 26.49%.

Kennametal Company Profile

Kennametal Inc develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company operates through three segments: Industrial, Widia, and Infrastructure.

Further Reading: The benefits and drawbacks of dollar cost averaging

Get a free copy of the Zacks research report on Kennametal (KMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kennametal (NYSE:KMT)

Receive News & Ratings for Kennametal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal and related companies with MarketBeat.com's FREE daily email newsletter.