Kennametal (NYSE:KMT) Releases Q2 Earnings Guidance

Kennametal (NYSE:KMT - Get Free Report) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.20-$0.30 for the period, compared to the consensus earnings per share estimate of $0.27. The company issued revenue guidance of $480-$500 million, compared to the consensus revenue estimate of $494.70 million. Kennametal also updated its FY 2025 guidance to 1.300-1.700 EPS.

Kennametal Stock Performance

Shares of NYSE:KMT traded up $4.67 during trading on Wednesday, hitting $31.25. The stock had a trading volume of 3,635,466 shares, compared to its average volume of 703,569. The stock has a 50-day simple moving average of $25.43 and a two-hundred day simple moving average of $24.92. The company has a quick ratio of 1.17, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.84 and a beta of 1.64. Kennametal has a 12-month low of $22.38 and a 12-month high of $32.18.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.05. The company had revenue of $543.31 million during the quarter, compared to analysts' expectations of $532.72 million. Kennametal had a return on equity of 9.17% and a net margin of 5.34%. Kennametal's quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. On average, equities research analysts expect that Kennametal will post 1.43 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, November 12th. Kennametal's payout ratio is currently 58.39%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. StockNews.com raised Kennametal from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Barclays raised their price objective on Kennametal from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Bank of America lowered Kennametal from a "neutral" rating to an "underperform" rating and set a $26.00 price objective on the stock. in a report on Friday, October 18th. Finally, Loop Capital raised their price objective on Kennametal from $22.00 to $24.00 and gave the company a "hold" rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $24.60.

About Kennametal

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.