Kennametal (KMT) Scheduled to Post Earnings on Thursday
Kennametal (NYSE:KMT) is set to release its Q114 earnings data on Thursday, October 24th. Analysts expect Kennametal to post earnings of $0.55 per share and revenue of $622.20 million for the quarter. Kennametal has set its FY14 guidance at $2.90-3.10 EPS.
Kennametal (NYSE:KMT) last released its earnings data on Thursday, July 25th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.02. The company had revenue of $671.41 million for the quarter, compared to the consensus estimate of $678.92 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. On average, analysts expect Kennametal to post $2.98 EPS for the current fiscal year and $3.61 EPS for the next fiscal year.
Shares of Kennametal (NYSE:KMT) opened at 46.43 on Wednesday. Kennametal has a one year low of $33.95 and a one year high of $46.43. The stock has a 50-day moving average of $44.14 and a 200-day moving average of $41.12. The company has a market cap of $3.614 billion and a P/E ratio of 18.42.
KMT has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Kennametal in a research note to investors on Thursday, September 26th. They now have a $53.00 price target on the stock. On a related note, analysts at BMO Capital Markets raised their price target on shares of Kennametal from $44.00 to $47.00 in a research note to investors on Thursday, September 26th. They now have a “market perform” rating on the stock. Finally, analysts at SunTrust initiated coverage on shares of Kennametal in a research note to investors on Thursday, September 26th. They set a “neutral” rating and a $52.00 price target on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.62.
Kennametal Inc (NYSE:KMT), is a supplier of tooling, engineered components and advanced materials consumed in production processes.
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