Kennametal (NYSE:KMT) Updates Q2 Earnings Guidance

Kennametal (NYSE:KMT) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.20-$0.30 for the period, compared to the consensus earnings per share estimate of $0.27. The company issued revenue guidance of $480-$500 million, compared to the consensus revenue estimate of $494.70 million. Kennametal also updated its FY 2025 guidance to 1.300-1.700 EPS.

Kennametal Trading Up 0.4 %

Shares of Kennametal stock traded up $0.13 during trading on Friday, hitting $29.48. 1,416,580 shares of the company were exchanged, compared to its average volume of 714,024. The firm has a market capitalization of $2.30 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.88 and a beta of 1.64. Kennametal has a 1-year low of $22.43 and a 1-year high of $32.18. The firm’s fifty day moving average price is $25.61 and its 200 day moving average price is $24.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 1.17.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $481.90 million during the quarter, compared to analyst estimates of $485.26 million. Kennametal had a return on equity of 9.17% and a net margin of 5.34%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. As a group, sell-side analysts expect that Kennametal will post 1.43 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, November 12th. Kennametal’s dividend payout ratio (DPR) is presently 58.39%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMT. Bank of America cut Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 price objective on the stock. in a report on Friday, October 18th. StockNews.com cut Kennametal from a “buy” rating to a “hold” rating in a report on Thursday. Barclays lifted their price objective on Kennametal from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, Loop Capital lifted their price objective on Kennametal from $22.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, Kennametal presently has an average rating of “Hold” and a consensus target price of $24.60.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.