Kennametal Inc. (NYSE:KMT) is expected to post earnings of $0.40 per share

Analysts predict Kennametal Inc. (NYSE:KMT) will post earnings of $0.40 per share for the current quarter, according to Zacks. Five analysts provided estimates for Kennametal’s earnings, with the lowest EPS estimate of $0.38 and the highest estimate of $0.41. Kennametal reported earnings per share of $0.16 in the same quarter last year, indicating a positive growth rate of 150% year over year. The company is expected to announce its next results after the market closes on Monday, February 7.

According to Zacks, analysts expect Kennametal to report annual earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $2.05. For the next fiscal year, analysts expect the company to report earnings of $2.56 per share, with EPS estimates ranging from $2.37 to $2.71. Zacks earnings per share averages are an average average based on a survey of sell-side research analysts who cover Kennametal.

Kennametal Inc (NYSE:KMT) last reported quarterly earnings data on Sunday, October 31. The industrial products company reported earnings per share of $0.44 for the quarter, beating Thomson Reuters consensus estimate of $0.38 by $0.06. Kennametal achieved a return on equity of 9.14% and a net margin of 5.84%. The company posted revenue of $483.51 million in the quarter, compared to $487.30 million expected by analysts. During the same period of the previous year, the company achieved EPS of $0.03. The company’s quarterly revenue increased by 20.8% compared to the same quarter last year.

KMT has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and posted a $49.00 price target on Kennametal shares in a research report on Friday, November 19. Bank of America upgraded Kennametal from an “underperforming” rating to a “neutral” rating and set a $45.00 price target for the stock in a Wednesday, Oct. 27 research note. Zacks Investment Research downgraded Kennametal from a “strong buy” rating to a “hold” rating and set a price target of $44.00 for the company. in a research note from Friday, November 5. Finally, TheStreet upgraded Kennametal from a “c+” rating to a “b” rating in a Monday, Nov. 1 research note. Six analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.00.

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Institutional investors have recently been buying and selling shares of the company. UBS Asset Management Americas Inc. increased its holdings of Kennametal shares by 6.1% in the second quarter. UBS Asset Management Americas Inc. now owns 100,143 shares of the industrial products company worth $3,597,000 after acquiring an additional 5,784 shares during the period. SG Americas Securities LLC raised its position in Kennametal shares by 43.2% in the third quarter. SG Americas Securities LLC now owns 119,381 shares of the industrial products company worth $4,086,000 after purchasing an additional 36,007 shares last quarter. Metropolitan Life Insurance Co NY increased its position in Kennametal shares by 102,959.5% in the second quarter. Metropolitan Life Insurance Co NY now owns 38,132 shares of the industrial products company worth $1,370,000 after purchasing an additional 38,095 shares last quarter. AlphaCrest Capital Management LLC increased its position in Kennametal shares by 106.4% in the second quarter. AlphaCrest Capital Management LLC now owns 26,536 shares of the industrial products company worth $953,000 after buying 13,678 additional shares last quarter. Finally, Vanguard Group Inc. increased its position in Kennametal shares by 1.7% in the second quarter. Vanguard Group Inc. now owns 8,071,761 shares of the industrial products company worth $289,938,000 after buying an additional 134,309 shares last quarter.

KMT lost $0.16 on Friday, hitting $33.73. The stock had trading volume of 691,335 shares, compared to an average volume of 489,176. Kennametal has a fifty-two-week low of $32.39 and a fifty-two-week high of $43.04. The company has a 50-day moving average of $35.76 and a 200-day moving average of $36.32. The company has a current ratio of 2.48, a quick ratio of 1.19 and a debt ratio of 0.43. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 25.36, a growth price-to-earnings ratio of 3.49, and a beta of 2.00.

About Kennametal

Kennametal, Inc engages in the development and application of tungsten carbides, ceramics and solutions used in metal cutting and extreme wear applications. It operates through the following segments: Metal Cutting and Infrastructure. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to various end markets, including aerospace, general engineering, energy and transport.

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Earnings history and estimates for Kennametal (NYSE:KMT)

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