Kennametal (KMT) Scheduled to Post Earnings on Monday

Kennametal (NYSE:KMT) is scheduled to release its earnings data after the market closes on Monday, April 23rd. Analysts expect Kennametal to post earnings of $0.73 per share for the quarter. Kennametal has set its FY18 guidance at $2.40-$2.70 EPS.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $571.00 million for the quarter, compared to the consensus estimate of $541.78 million. Kennametal had a net margin of 6.54% and a return on equity of 17.09%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. On average, analysts expect Kennametal to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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KMT opened at $40.05 on Friday. The company has a market cap of $3,350.22, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 3.20 and a beta of 2.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.77 and a quick ratio of 1.52. Kennametal has a one year low of $32.23 and a one year high of $52.52.

Several brokerages have recently issued reports on KMT. Barrington Research reissued an “outperform” rating and issued a $53.00 target price on shares of Kennametal in a research report on Thursday, February 8th. KeyCorp reissued a “buy” rating and issued a $56.00 target price on shares of Kennametal in a research report on Wednesday, January 10th. Zacks Investment Research lowered Kennametal from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Stifel Nicolaus increased their target price on Kennametal from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Sunday, February 4th. Finally, ValuEngine raised Kennametal from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $49.82.

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Kennametal Company Profile

Kennametal Inc develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. It operates through three segments: Industrial, Widia, and Infrastructure.

Earnings History for Kennametal (NYSE:KMT)

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