Kennametal (KMT) Set to Announce Earnings on Thursday
Kennametal (NYSE:KMT) is scheduled to be releasing its Q414 earnings data on Thursday, July 31st. Analysts expect Kennametal to post earnings of $0.89 per share and revenue of $785.40 million for the quarter.
Kennametal (NYSE:KMT) traded down 1.47% during mid-day trading on Wednesday, hitting $44.25. The stock had a trading volume of 1,021,949 shares. Kennametal has a 1-year low of $38.85 and a 1-year high of $52.37. The stock’s 50-day moving average is $46.09 and its 200-day moving average is $45.67. The company has a market cap of $3.476 billion and a P/E ratio of 20.58.
KMT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Kennametal from an “underperform” rating to a “neutral” rating in a research note on Friday, May 16th. They now have a $49.00 price target on the stock. On the ratings front, analysts at BMO Capital Markets raised their price target on shares of Kennametal from $49.00 to $52.00 in a research note on Friday, May 2nd. Finally, analysts at Wells Fargo & Co. upgraded shares of Kennametal from a “market perform” rating to an “outperform” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $50.60.
Kennametal Inc (NYSE:KMT) is a supplier of tooling, engineered components and advanced materials consumed in production processes.
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