Kennametal (NYSE:KMT) Releases FY 2026 Earnings Guidance

Key Points

• FY 2026 guidance: Kennametal forecasted EPS $3.75–$4.00 and revenue $2.3B–$2.4B, well above consensus estimates of $2.44 EPS and $2.2B revenue.
• Recent results beat expectations with quarterly EPS $0.77 (vs. $0.68) and revenue $592.6M (vs. $568.0M), and the company declared a $0.20 quarterly dividend (annualized $0.80, ~2.1% yield).
• Analysts have lifted price targets (consensus target $34.67) but the consensus rating remains "Hold"; the stock traded around $37.53 (up ~2.1%) amid some insider selling and mixed analyst actions.

Kennametal (NYSE:KMT - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.750-4.000 for the period, compared to the consensus estimate of 2.440. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.2 billion.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KMT shares. JPMorgan Chase & Co. upped their target price on Kennametal from $25.00 to $37.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 14th. The Goldman Sachs Group set a $32.00 target price on Kennametal in a research report on Friday, February 6th. Morgan Stanley upped their target price on Kennametal from $29.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 10th. Barclays upped their target price on Kennametal from $28.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Monday, February 9th. Finally, Weiss Ratings raised Kennametal from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $34.67.

Kennametal Trading Up 2.1%

Shares of Kennametal stock opened at $37.53 on Wednesday. The stock has a fifty day simple moving average of $38.09 and a 200 day simple moving average of $32.82. Kennametal has a 12-month low of $17.62 and a 12-month high of $42.03. The company has a market capitalization of $2.86 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 0.58 and a beta of 1.44. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The business had revenue of $592.59 million during the quarter, compared to the consensus estimate of $568.03 million. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, sell-side analysts anticipate that Kennametal will post 2.43 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.1%. Kennametal's dividend payout ratio is 55.94%.

Insider Buying and Selling at Kennametal

In other Kennametal news, VP John Wayne Witt sold 5,060 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.29, for a total value of $193,747.40. Following the completion of the transaction, the vice president owned 1,634 shares in the company, valued at $62,565.86. This represents a 75.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Carlonda R. Reilly sold 13,410 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the completion of the transaction, the vice president owned 38,746 shares of the company's stock, valued at $1,406,867.26. This trade represents a 25.71% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.43% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC bought a new position in Kennametal in the 4th quarter valued at $217,000. Mercer Global Advisors Inc. ADV bought a new position in Kennametal in the 4th quarter valued at $259,000. State of Tennessee Department of Treasury grew its stake in Kennametal by 34.8% in the 4th quarter. State of Tennessee Department of Treasury now owns 45,745 shares of the industrial products company's stock valued at $1,300,000 after purchasing an additional 11,805 shares during the period. Mackenzie Financial Corp grew its stake in Kennametal by 38.5% in the 4th quarter. Mackenzie Financial Corp now owns 18,416 shares of the industrial products company's stock valued at $527,000 after purchasing an additional 5,124 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new position in Kennametal in the 4th quarter valued at $349,000.

Kennametal Company Profile

Kennametal Inc is a global industrial technology company that designs and manufactures advanced materials, tooling systems, and engineered components for a range of demanding applications. Its solutions support precision metalworking, earthmoving, and wear-resistant environments, catering to customers seeking enhanced productivity, longer tool life, and reduced operating costs.

The company's product portfolio spans indexable cutting tools, solid round tools, tool holders, metalworking fluid systems, wear parts, ceramics and composites, and custom-engineered components.

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