Kennametal (NYSE:KMT) Issues FY 2025 Earnings Guidance

Kennametal (NYSE:KMT) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.300-1.700 for the period, compared to the consensus estimate of 1.560. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion. Kennametal also updated its FY24 guidance to $1.30 to $1.70 EPS.

Analysts Set New Price Targets

KMT has been the topic of a number of research analyst reports. Loop Capital decreased their price target on shares of Kennametal from $24.00 to $22.00 and set a hold rating on the stock in a report on Friday, June 21st. Barclays reduced their target price on Kennametal from $25.00 to $24.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. Finally, StockNews.com lowered Kennametal from a buy rating to a hold rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $23.67.

Kennametal Trading Up 0.2 %

Shares of KMT stock traded up $0.05 on Wednesday, hitting $24.00. 994,426 shares of the company’s stock traded hands, compared to its average volume of 656,433. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 2.37 and a beta of 1.66. The company’s fifty day simple moving average is $24.28 and its 200 day simple moving average is $24.53. Kennametal has a one year low of $22.08 and a one year high of $27.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.09 and a current ratio of 2.42.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $515.80 million for the quarter, compared to analysts’ expectations of $518.50 million. Kennametal had a net margin of 5.29% and a return on equity of 9.35%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. Equities analysts forecast that Kennametal will post 1.45 EPS for the current year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, August 13th. Kennametal’s dividend payout ratio (DPR) is 59.26%.

Insider Buying and Selling

In other Kennametal news, CEO Sanjay Chowbey acquired 5,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average cost of $24.28 per share, for a total transaction of $121,400.00. Following the transaction, the chief executive officer now owns 49,270 shares in the company, valued at $1,196,275.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.61% of the stock is owned by insiders.

About Kennametal

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.