Kennametal (NYSE:KMT) Releases FY 2025 Earnings Guidance

Kennametal (NYSE:KMT - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.300-1.450 for the period, compared to the consensus EPS estimate of 1.130. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion.

Kennametal Stock Down 0.8 %

Shares of KMT opened at $19.80 on Wednesday. The stock's 50-day moving average price is $20.32 and its two-hundred day moving average price is $23.60. Kennametal has a 12 month low of $17.30 and a 12 month high of $32.18. The company has a market capitalization of $1.53 billion, a PE ratio of 16.23, a PEG ratio of 3.69 and a beta of 1.39. The company has a current ratio of 2.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47.

Kennametal (NYSE:KMT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.26 by $0.21. Kennametal had a return on equity of 8.12% and a net margin of 4.76%. On average, analysts anticipate that Kennametal will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, May 13th. Kennametal's dividend payout ratio is presently 65.57%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMT shares. Morgan Stanley decreased their price target on Kennametal from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. StockNews.com upgraded Kennametal from a "hold" rating to a "buy" rating in a report on Monday, April 28th. Finally, Barclays cut their price target on Kennametal from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Kennametal presently has an average rating of "Hold" and a consensus target price of $25.20.

Insider Buying and Selling

In other Kennametal news, CEO Sanjay Chowbey acquired 10,000 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were purchased at an average cost of $21.75 per share, with a total value of $217,500.00. Following the completion of the purchase, the chief executive officer now owns 77,595 shares of the company's stock, valued at approximately $1,687,691.25. This represents a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.41% of the stock is owned by company insiders.

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.

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