Kennametal (KMT) Scheduled to Post Quarterly Earnings on Tuesday

Kennametal (NYSE:KMT) will post its quarterly earnings results after the market closes on Tuesday, January 30th.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating 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 company had revenue of $542.45 million during the quarter, compared to analysts’ expectations of $516.80 million. During the same period in the previous year, the company earned $0.11 EPS. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts expect Kennametal to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Kennametal (NYSE:KMT) opened at $50.92 on Tuesday. Kennametal has a 12 month low of $32.23 and a 12 month high of $52.52. The stock has a market cap of $4,120.00, a price-to-earnings ratio of 37.72, a PEG ratio of 2.42 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.

In related news, VP Judith L. Bacchus sold 18,125 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $47.00, for a total transaction of $851,875.00. Following the completion of the sale, the vice president now directly owns 38,528 shares of the company’s stock, valued at approximately $1,810,816. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Clemens sold 10,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $46.82, for a total transaction of $468,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,570 shares of company stock valued at $2,816,345. 2.00% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on the stock. Jefferies Group reissued a “buy” rating and set a $60.00 price objective on shares of Kennametal in a research note on Thursday, January 18th. KeyCorp reissued a “buy” rating and set a $56.00 price objective on shares of Kennametal in a research note on Wednesday, January 10th. BMO Capital Markets boosted their price objective on shares of Kennametal from $45.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 13th. ValuEngine cut shares of Kennametal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, TheStreet raised shares of Kennametal from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $48.95.

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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.

Earnings History for Kennametal (NYSE:KMT)

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