Barrington Research Comments on Kennametal Inc.’s Q3 2018 Earnings (KMT)

Kennametal Inc. (NYSE:KMT) – Research analysts at Barrington Research issued their Q3 2018 earnings per share estimates for shares of Kennametal in a report released on Thursday. Barrington Research analyst M. Gall anticipates that the industrial products company will post earnings of $0.67 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $53.00 target price on the stock. Barrington Research also issued estimates for Kennametal’s Q4 2018 earnings at $0.74 EPS, Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $2.94 EPS.

Kennametal (NYSE:KMT) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Kennametal had a return on equity of 17.09% and a net margin of 6.54%. The firm had revenue of $571.00 million for the quarter, compared to analyst estimates of $541.78 million. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year.

A number of other brokerages have also issued reports on KMT. Jefferies Group restated a “buy” rating and set a $50.00 target price on shares of Kennametal in a research report on Friday, October 20th. Stifel Nicolaus raised their target price on shares of Kennametal from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Sunday, February 4th. KeyCorp restated a “buy” rating and set a $56.00 target price on shares of Kennametal in a research report on Wednesday, January 10th. JPMorgan Chase & Co. lowered shares of Kennametal from an “overweight” rating to a “neutral” rating in a research report on Monday. Finally, Zacks Investment Research lowered shares of Kennametal from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $50.25.

Shares of Kennametal (NYSE KMT) traded down $0.86 during midday trading on Friday, reaching $41.74. 447,265 shares of the company were exchanged, compared to its average volume of 1,133,316. Kennametal has a 1 year low of $32.23 and a 1 year high of $52.52. The firm has a market capitalization of $3,598.20, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.05 and a beta of 1.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.52 and a current ratio of 2.77.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.92%. Kennametal’s dividend payout ratio (DPR) is presently 45.45%.

In related news, VP Judith L. Bacchus sold 18,125 shares of Kennametal 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 transaction, the vice president now owns 38,528 shares in the company, valued at approximately $1,810,816. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy R. Mclevish sold 20,000 shares of Kennametal stock in a transaction on 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 owns 66,904 shares in the company, valued at approximately $3,211,392. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,125 shares of company stock worth $2,140,875. 2.00% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of KMT. Fortaleza Asset Management Inc. acquired a new position in shares of Kennametal during the 3rd quarter valued at $115,000. Hartford Investment Management Co. purchased a new stake in Kennametal during the 3rd quarter worth $202,000. World Asset Management Inc purchased a new stake in Kennametal during the 3rd quarter worth $207,000. Trexquant Investment LP purchased a new stake in Kennametal during the 3rd quarter worth $207,000. Finally, Koch Industries Inc. purchased a new stake in Kennametal during the 2nd quarter worth $211,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

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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 and Estimates for Kennametal (NYSE:KMT)

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