Kennametal (NYSE:KMT) Issues Q2 Earnings Guidance

Kennametal (NYSE:KMT) updated its second quarter earnings guidance on Wednesday. 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 Stock Performance

KMT stock traded up $0.13 during mid-day trading on Friday, reaching $29.48. 1,416,580 shares of the stock traded hands, compared to its average volume of 714,024. The company has a quick ratio of 1.17, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $25.61 and a two-hundred day moving average of $24.99. The firm has a market capitalization of $2.30 billion, a PE ratio of 21.42, a P/E/G ratio of 2.88 and a beta of 1.64. Kennametal has a 52 week low of $22.43 and a 52 week high of $32.18.

Kennametal (NYSE:KMT) last announced its quarterly earnings data 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. Kennametal had a net margin of 5.34% and a return on equity of 9.17%. The business had revenue of $481.90 million for the quarter, compared to the consensus estimate of $485.26 million. During the same quarter last year, the company posted $0.41 earnings per share. Kennametal’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities analysts predict that Kennametal will post 1.43 EPS for the current fiscal year.

Kennametal Announces Dividend

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

Analysts Set New Price Targets

KMT has been the topic of several recent research reports. 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 research report on Friday, October 18th. Loop Capital raised their price objective on shares of Kennametal from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. StockNews.com lowered shares of Kennametal from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barclays upped their price target on Kennametal from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.