Kennametal (NYSE:KMT) Issues Quarterly Earnings Results

Kennametal (NYSE:KMT) issued its earnings results on Wednesday. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02), Zacks reports. Kennametal had a net margin of 4.98% and a return on equity of 8.35%. Kennametal updated its FY 2025 guidance to 1.050-1.300 EPS and its Q3 2025 guidance to 0.200-0.300 EPS.

Kennametal Trading Down 1.6 %

Shares of KMT stock traded down $0.36 during mid-day trading on Thursday, hitting $22.31. 216,107 shares of the company’s stock were exchanged, compared to its average volume of 875,282. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.32 and a beta of 1.66. The stock has a 50-day simple moving average of $25.09 and a two-hundred day simple moving average of $25.64. Kennametal has a fifty-two week low of $20.50 and a fifty-two week high of $32.18. The company has a quick ratio of 1.16, a current ratio of 2.52 and a debt-to-equity ratio of 0.45.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 3.59%. Kennametal’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

KMT has been the subject of several research reports. StockNews.com raised Kennametal from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Barclays lowered their price objective on shares of Kennametal from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Loop Capital upped their price target on shares of Kennametal from $24.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, November 19th. Morgan Stanley raised their price objective on shares of Kennametal from $24.50 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $32.00 in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.67.

Insider Activity at Kennametal

In related news, VP John Wayne Witt sold 1,765 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $29.35, for a total transaction of $51,802.75. Following the completion of the transaction, the vice president now owns 1,642 shares of the company’s stock, valued at approximately $48,192.70. This represents a 51.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Franklin Cardenas sold 20,470 shares of Kennametal stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $28.24, for a total transaction of $578,072.80. Following the completion of the transaction, the vice president now owns 39,581 shares in the company, valued at approximately $1,117,767.44. This trade represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.41% of the company’s stock.

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.