Brokerages expect Kennametal Inc. (NYSE:KMT) to report $534.92 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Kennametal’s earnings. The lowest sales estimate is $519.00 million and the highest is $545.00 million. Kennametal posted sales of $487.57 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 7th.

On average, analysts expect that Kennametal will report full year sales of $534.92 million for the current fiscal year, with estimates ranging from $2.20 billion to $2.27 billion. For the next financial year, analysts anticipate that the business will report sales of $2.36 billion per share, with estimates ranging from $2.30 billion to $2.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Kennametal.

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

A number of equities research analysts have commented on KMT shares. BMO Capital Markets increased their price objective on shares of Kennametal from $45.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 13th. Credit Suisse Group increased their price objective on shares of Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Kennametal from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, October 4th. ValuEngine lowered shares of Kennametal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group reissued a “buy” rating and set a $50.00 price objective on shares of Kennametal in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Kennametal currently has an average rating of “Hold” and a consensus price target of $47.32.

In other Kennametal news, Director Timothy R. Mclevish sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $48.00, for a total transaction of $960,000.00. Following the transaction, the director now directly owns 66,904 shares in the company, valued at approximately $3,211,392. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven H. Wunning sold 4,445 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $46.63, for a total transaction of $207,270.35. Following the transaction, the director now owns 29,693 shares in the company, valued at $1,384,584.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,570 shares of company stock worth $2,816,345. Insiders own 2.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KMT. Fortaleza Asset Management Inc. acquired a new position in Kennametal during the 3rd quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Kennametal by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,556 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 272 shares during the period. Hartford Investment Management Co. acquired a new position in Kennametal during the 3rd quarter valued at about $202,000. World Asset Management Inc acquired a new position in Kennametal during the 3rd quarter valued at about $207,000. Finally, Trexquant Investment LP acquired a new position in Kennametal during the 3rd quarter valued at about $207,000. Institutional investors own 98.59% of the company’s stock.

Kennametal (NYSE KMT) traded up $0.54 on Friday, hitting $51.92. 698,565 shares of the stock traded hands, compared to its average volume of 712,658. Kennametal has a fifty-two week low of $32.23 and a fifty-two week high of $52.35. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. The company has a market cap of $4,164.25, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 2.42 and a beta of 1.98.

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Kennametal Company Profile

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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