Kennametal (NYSE:KMT) Releases FY 2026 Earnings Guidance

Key Points

• Kennametal has updated its FY 2026 earnings guidance, projecting earnings per share (EPS) between 0.900-1.300, significantly lower than the consensus estimate of 1.426.
• The company also provided revenue guidance of $2.0 billion-$2.1 billion, aligning with the consensus revenue estimate of $2.0 billion.
• Kennametal recently declared a quarterly dividend of $0.20, which results in an annualized yield of 3.9%.

Kennametal (NYSE:KMT - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.900-1.300 for the period, compared to the consensus EPS estimate of 1.426. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.0 billion.

Kennametal Stock Up 0.4%

KMT traded up $0.09 during trading on Monday, hitting $20.34. 598,554 shares of the company's stock traded hands, compared to its average volume of 1,079,435. The company's 50 day simple moving average is $23.34 and its two-hundred day simple moving average is $21.95. The company has a current ratio of 2.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. Kennametal has a 12-month low of $17.30 and a 12-month high of $32.18. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 3.09 and a beta of 1.44.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). Kennametal had a net margin of 4.73% and a return on equity of 8.09%. The business had revenue of $516.45 million during the quarter, compared to analysts' expectations of $527.52 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Kennametal's revenue was down 4.9% on a year-over-year basis. Analysts predict that Kennametal will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, August 12th. Kennametal's payout ratio is presently 66.67%.

Analyst Ratings Changes

A number of research analysts have recently commented on KMT shares. Wall Street Zen raised Kennametal from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. cut their target price on Kennametal from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Thursday. Barclays boosted their price target on Kennametal from $22.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Loop Capital reiterated a "hold" rating and issued a $24.00 price target (up previously from $21.00) on shares of Kennametal in a report on Wednesday, June 25th. Finally, Morgan Stanley boosted their price target on Kennametal from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Kennametal presently has a consensus rating of "Hold" and a consensus price target of $24.50.

Institutional Trading of Kennametal

Several hedge funds and other institutional investors have recently made changes to their positions in KMT. Jane Street Group LLC lifted its holdings in shares of Kennametal by 39.3% during the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company's stock valued at $4,897,000 after purchasing an additional 64,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kennametal by 13.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company's stock valued at $5,124,000 after purchasing an additional 28,020 shares during the last quarter. Royal Bank of Canada raised its stake in Kennametal by 17.7% in the 1st quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company's stock worth $649,000 after acquiring an additional 4,578 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Kennametal by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company's stock worth $986,000 after acquiring an additional 2,013 shares during the last quarter.

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.