Kennametal (NYSE:KMT - Get Free Report) is scheduled to be announcing its earnings results 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 - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. Kennametal had a net margin of 5.34% and a return on equity of 9.17%. The firm had revenue of $543.31 million during the quarter, compared to the consensus estimate of $532.72 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Kennametal's revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts expect Kennametal to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Kennametal Stock Performance
Kennametal stock traded down $0.29 during midday trading on Wednesday, hitting $25.24. 741,212 shares of the company's stock were exchanged, compared to its average volume of 678,495. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 2.41. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Kennametal has a 12-month low of $22.08 and a 12-month high of $27.04. The firm's 50 day simple moving average is $25.42 and its 200 day simple moving average is $24.86.
Wall Street Analysts Forecast Growth
KMT has been the topic of several recent research reports. Barclays boosted their price target on Kennametal from $24.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, August 9th. Bank of America lowered Kennametal from a "neutral" rating to an "underperform" rating and set a $26.00 target price on the stock. in a report on Friday, October 18th. Loop Capital increased their price target on Kennametal from $22.00 to $24.00 and gave the stock a "hold" rating in a report on Thursday, August 22nd. Finally, StockNews.com upgraded shares of Kennametal from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $24.33.
Read Our Latest Stock Analysis on KMT
Kennametal Company Profile
(
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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.
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