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 Stock Up 0.4 %

Shares of KMT traded up $0.13 on Friday, reaching $29.48. The stock had a trading volume of 1,416,547 shares, compared to its average volume of 714,024. 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 12-month low of $22.43 and a 12-month high of $32.18. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 2.88 and a beta of 1.64. The company has a 50-day simple moving average of $25.61 and a 200-day simple moving average of $24.99.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $481.90 million for 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%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Sell-side analysts predict that Kennametal will post 1.43 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a $0.20 dividend. 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%.

Wall Street Analysts Forecast Growth

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

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.