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NYSE:KMT

Kennametal Stock Forecast, Price & News

$23.37
+0.16 (+0.69%)
(As of 07/5/2022 04:00 PM ET)
Add
Compare
Today's Range
$22.16
$23.38
50-Day Range
$22.14
$28.61
52-Week Range
$21.62
$41.22
Volume
754,200 shs
Average Volume
865,108 shs
Market Capitalization
$1.93 billion
P/E Ratio
14.34
Dividend Yield
3.45%
Price Target
$33.88

Kennametal MarketRank™ Forecast

Analyst Rating
Hold
1.88 Rating Score
Upside/​Downside
45.0% Upside
$33.88 Price Target
Short Interest
Bearish
5.26% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Kennametal in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$962,589 Bought Last Quarter
Proj. Earnings Growth
21.97%
From $1.73 to $2.11 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.29 out of 5 stars

Industrial Products Sector

64th out of 215 stocks

Machine Tools, Metal Cutting Type Industry

1st out of 1 stocks

30 days | 90 days | 365 days | Advanced Chart

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Kennametal logo

About Kennametal (NYSE:KMT) Stock

Kennametal Inc. develops and applies 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. It operates through two segments, Metal Cutting and Infrastructure. The company offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. It also provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to aerospace, general engineering, energy, and transportation customers. In addition, the company produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide and specialty alloy powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. It provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national distributors; integrated supplier channels; and through the Internet. Kennametal Inc. was founded in 1938 and is based in Pittsburgh, Pennsylvania.

KMT Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Machine tools, metal cutting type
Sub-Industry
Industrial Machinery
CUSIP
48917010
Employees
8,635
Year Founded
N/A

Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 5/24 Dividend
5/09/2022
Dividend Payable
5/24/2022
Today
7/05/2022
Next Earnings (Estimated)
8/01/2022
Fiscal Year End
6/30/2023

Price Target and Rating

Average Stock Price Forecast
$33.88
High Stock Price Forecast
$49.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+45.0%
Consensus Rating
Hold
Rating Score (0-4)
1.875
Research Coverage
8 Analysts

Profitability

Net Income
$54.43 million
Pretax Margin
10.00%

Debt

Sales & Book Value

Annual Sales
$1.84 billion
Cash Flow
$2.58 per share
Book Value
$16.37 per share

Miscellaneous

Free Float
81,423,000
Market Cap
$1.93 billion
Optionable
Optionable
Beta
1.89














Kennametal Frequently Asked Questions

Should I buy or sell Kennametal stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Kennametal stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KMT, but not buy additional shares or sell existing shares.
View analyst ratings for Kennametal
or view top-rated stocks.

What is Kennametal's stock price forecast for 2022?

8 equities research analysts have issued 12 month price objectives for Kennametal's shares. Their KMT stock forecasts range from $23.00 to $49.00. On average, they predict Kennametal's stock price to reach $33.88 in the next year. This suggests a possible upside of 45.0% from the stock's current price.
View analysts' price targets for Kennametal
or view top-rated stocks among Wall Street analysts.

How has Kennametal's stock price performed in 2022?

Kennametal's stock was trading at $35.91 on January 1st, 2022. Since then, KMT stock has decreased by 34.9% and is now trading at $23.36.
View the best growth stocks for 2022 here
.

When is Kennametal's next earnings date?

Kennametal is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Kennametal
.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) released its quarterly earnings data on Monday, May, 2nd. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. The industrial products company had revenue of $512.26 million for the quarter, compared to the consensus estimate of $508.77 million. Kennametal had a net margin of 6.91% and a trailing twelve-month return on equity of 11.05%. During the same quarter last year, the business posted $0.32 EPS.
View Kennametal's earnings history
.

How often does Kennametal pay dividends? What is the dividend yield for Kennametal?

Kennametal declared a quarterly dividend on Tuesday, May 3rd. Stockholders of record on Tuesday, May 10th will be paid a dividend of $0.20 per share on Tuesday, May 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, May 9th.
View Kennametal's dividend history
.

Is Kennametal a good dividend stock?

Kennametal(NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.45%. The dividend payout ratio of Kennametal is 49.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Kennametal will have a dividend payout ratio of 37.91% next year. This indicates that Kennametal will be able to sustain or increase its dividend.
View Kennametal's dividend history.

How will Kennametal's stock buyback program work?

Kennametal declared that its Board of Directors has approved a stock repurchase program on Monday, August 2nd 2021, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

What guidance has Kennametal issued on next quarter's earnings?

Kennametal updated its fourth quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $510.00 million-$530.00 million, compared to the consensus revenue estimate of $543.30 million.

Who are Kennametal's key executives?

Kennametal's management team includes the following people:
  • Mr. Christopher Rossi, Pres, CEO & Director (Age 58, Pay $2.65M)
  • Mr. Damon J. Audia, VP & CFO (Age 51, Pay $1.24M)
  • Ms. Judith L. Bacchus, VP & Chief Admin. Officer (Age 60, Pay $693.16k) (LinkedIn Profile)
  • Ms. Michelle Ruth Keating, VP, Sec. & Gen. Counsel (Age 46, Pay $659.77k)
  • Mr. Franklin Cardenas, VP & Pres of Infrastructure Segment (Age 54, Pay $1.06M)
  • Dr. Carlonda R. Reilly Ph.D., VP & Chief Technology Officer (Age 54)
  • Ms. Kelly Marie Boyer, VP of Investor Relations
  • Mr. Nicholas Pflugh, VP of Americas Inserts & Steel Manufacturing and Interim Chief Commercial Officer of Metal Cutting
  • Mr. Sanjay K. Chowbey, VP & Pres of Metal Cutting Bus. Segment (Age 54)
  • Mr. Patrick S. Watson, VP of Fin. & Corp. Controller (Age 49)

What is Christopher Rossi's approval rating as Kennametal's CEO?

15 employees have rated Kennametal CEO Christopher Rossi on Glassdoor.com. Christopher Rossi has an approval rating of 83% among Kennametal's employees.

What other stocks do shareholders of Kennametal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kennametal investors own include Intel (INTC), QUALCOMM (QCOM), AT&T (T), Ford Motor (F), Phillips 66 (PSX), Alcoa (AA), AbbVie (ABBV), Broadcom (AVGO), Bank of America (BAC) and Commercial Metals (CMC).

What is Kennametal's stock symbol?

Kennametal trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMT."

How do I buy shares of Kennametal?

Shares of KMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Kennametal's stock price today?

One share of KMT stock can currently be purchased for approximately $23.36.

How much money does Kennametal make?

Kennametal (NYSE:KMT) has a market capitalization of $1.93 billion and generates $1.84 billion in revenue each year. The industrial products company earns $54.43 million in net income (profit) each year or $1.63 on an earnings per share basis.

How many employees does Kennametal have?

Kennametal employs 8,635 workers across the globe.

How can I contact Kennametal?

Kennametal's mailing address is 525 WILLIAM PENN PLACE SUITE 3300, PITTSBURGH PA, 15219. The official website for Kennametal is www.kennametal.com. The industrial products company can be reached via phone at (412) 248-8000, via email at kelly.boyer@kennametal.com, or via fax at 724-539-5750.

This page (NYSE:KMT) was last updated on 7/5/2022 by MarketBeat.com Staff

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