Kennametal (NYSE:KMT) Releases Q2 Earnings Guidance

Kennametal (NYSE:KMT) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.20-$0.30 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KMT shares. Loop Capital increased their target price on shares of Kennametal from $22.00 to $24.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. StockNews.com cut Kennametal from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays upped their price objective on Kennametal from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, Bank of America lowered Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 target price on the stock. in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.60.

Kennametal Price Performance

NYSE KMT opened at $29.48 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45. Kennametal has a 1 year low of $22.43 and a 1 year high of $32.18. The company has a market cap of $2.30 billion, a PE ratio of 23.03, a PEG ratio of 3.48 and a beta of 1.64. The stock’s 50-day moving average price is $25.68 and its two-hundred day moving average price is $25.03.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $481.90 million for the quarter, compared to the consensus estimate of $485.26 million. Kennametal had a net margin of 4.98% and a return on equity of 8.35%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts predict that Kennametal will post 1.43 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.71%. Kennametal’s payout ratio is currently 62.50%.

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.