Kennametal (NYSE:KMT) Updates FY 2025 Earnings Guidance

Kennametal (NYSE:KMT) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.300-1.700 for the period, compared to the consensus earnings per share estimate of 1.430. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.0 billion. Kennametal also updated its Q2 guidance to $0.20-$0.30 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America lowered shares of Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 price objective on the stock. in a report on Friday, October 18th. Loop Capital boosted their price objective on shares of Kennametal from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. 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. Finally, StockNews.com lowered shares of Kennametal from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating and four have issued 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 target price of $24.60.

Kennametal Stock Up 1.4 %

Shares of KMT traded up $0.42 during midday trading on Friday, hitting $29.77. The company had a trading volume of 330,982 shares, compared to its average volume of 709,021. The company has a quick ratio of 1.17, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. Kennametal has a 52 week low of $22.43 and a 52 week high of $32.18. The company’s 50 day moving average price is $25.61 and its 200 day moving average price is $24.99. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.88 and a beta of 1.64.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Kennametal had a net margin of 5.34% and a return on equity of 9.17%. The business had revenue of $481.90 million during the quarter, compared to the consensus estimate of $485.26 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research 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. Investors 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 dividend yield of 2.69%. The ex-dividend date is Tuesday, November 12th. Kennametal’s dividend payout ratio 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.