Analysts forecast that Kennametal Inc. (NYSE:KMT) will announce sales of $533.50 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Kennametal’s earnings, with the highest sales estimate coming in at $545.00 million and the lowest estimate coming in at $519.00 million. Kennametal posted sales of $487.57 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.4%. The business is expected to announce its next quarterly earnings results on Wednesday, February 7th.

On average, analysts expect that Kennametal will report full-year sales of $533.50 million for the current financial year, with estimates ranging from $2.20 billion to $2.27 billion. For the next year, analysts anticipate that the firm will report sales of $2.35 billion per share, with estimates ranging from $2.30 billion to $2.40 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Kennametal.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The firm had revenue of $542.45 million during the quarter, compared to analysts’ expectations of $516.80 million. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS.

A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and issued a $45.00 target price on shares of Kennametal in a research report on Wednesday, August 23rd. ValuEngine cut Kennametal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. TheStreet raised Kennametal from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. Jefferies Group reissued a “buy” rating and issued a $50.00 price target on shares of Kennametal in a report on Thursday, September 21st. Finally, Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.23.

In related news, VP Judith L. Bacchus sold 18,125 shares of Kennametal stock in a transaction on Monday, December 4th. The stock was sold at an average price of $47.00, for a total value of $851,875.00. Following the transaction, the vice president now owns 38,528 shares in the company, valued at $1,810,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven H. Wunning sold 4,445 shares of Kennametal stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $46.63, for a total value of $207,270.35. Following the completion of the transaction, the director now owns 29,693 shares in the company, valued at approximately $1,384,584.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,570 shares of company stock valued at $1,856,345. Company insiders own 2.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. increased its position in shares of Kennametal by 4.9% during the second quarter. Capstone Asset Management Co. now owns 6,155 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 290 shares during the last quarter. Aperio Group LLC increased its position in shares of Kennametal by 13.6% during the second quarter. Aperio Group LLC now owns 22,673 shares of the industrial products company’s stock worth $848,000 after acquiring an additional 2,707 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Kennametal by 135.2% during the second quarter. Russell Investments Group Ltd. now owns 161,411 shares of the industrial products company’s stock worth $6,039,000 after acquiring an additional 92,774 shares during the last quarter. Strs Ohio increased its position in shares of Kennametal by 5.9% during the second quarter. Strs Ohio now owns 9,000 shares of the industrial products company’s stock worth $336,000 after acquiring an additional 500 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Kennametal by 0.3% during the second quarter. Retirement Systems of Alabama now owns 103,847 shares of the industrial products company’s stock worth $3,886,000 after acquiring an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 98.67% of the company’s stock.

Shares of Kennametal (NYSE:KMT) traded down $0.08 during midday trading on Friday, hitting $45.57. The company had a trading volume of 592,655 shares, compared to its average volume of 632,935. The firm has a market cap of $3,693.36, a PE ratio of 23.37, a PEG ratio of 2.16 and a beta of 1.98. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. Kennametal has a 1 year low of $31.12 and a 1 year high of $48.89.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, November 13th. Kennametal’s dividend payout ratio is currently 59.26%.

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About Kennametal

Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.

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Earnings History and Estimates for Kennametal (NYSE:KMT)

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