Shares of Kennametal Inc. (NYSE:KMT – Get Free Report) have been given a consensus rating of “Reduce” by the six research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $24.33.
A number of brokerages have recently commented on KMT. Loop Capital raised their target price 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 raised Kennametal from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Bank of America downgraded shares of Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 price objective for the company. in a research report on Friday, October 18th. Finally, Barclays boosted their price objective on shares of Kennametal from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th.
Get Our Latest Stock Analysis on Kennametal
Institutional Trading of Kennametal
Kennametal Stock Down 0.8 %
Shares of NYSE KMT opened at $25.01 on Friday. The stock has a market capitalization of $1.95 billion, a PE ratio of 18.26, a P/E/G ratio of 2.83 and a beta of 1.65. 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 firm has a fifty day moving average of $25.40 and a 200-day moving average of $24.82. Kennametal has a 52-week low of $22.08 and a 52-week high of $27.04.
Kennametal (NYSE:KMT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. The firm had revenue of $543.31 million during the quarter, compared to the consensus estimate of $532.72 million. Kennametal had a return on equity of 9.17% and a net margin of 5.34%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, analysts anticipate that Kennametal will post 1.43 EPS for the current year.
Kennametal Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.20%. Kennametal’s dividend payout ratio (DPR) is presently 58.39%.
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.
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