Kennametal (NYSE:KMT – Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04, Briefing.com reports. The company had revenue of $481.90 million during the quarter, compared to analysts’ expectations of $485.26 million. Kennametal had a net margin of 5.34% and a return on equity of 9.17%. Kennametal’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share.
Kennametal Price Performance
Shares of KMT opened at $29.35 on Friday. The stock has a market capitalization of $2.29 billion, a PE ratio of 21.42, a PEG ratio of 2.88 and a beta of 1.64. The company has a 50 day moving average price of $25.61 and a 200-day moving average price of $24.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 2.41. Kennametal has a fifty-two week low of $22.38 and a fifty-two week high of $32.18.
Kennametal Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders 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 2.73%. The ex-dividend date is Tuesday, November 12th. Kennametal’s dividend payout ratio (DPR) is 58.39%.
Wall Street Analysts Forecast Growth
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.
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