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DOW   32,920.46
QQQ   293.34
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DOW   32,920.46
QQQ   293.34
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NYSE:KMT

Kennametal - KMT Stock Forecast, Price & News

$27.63
+0.11 (+0.40%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$27.14
$27.83
50-Day Range
$23.84
$27.63
52-Week Range
$20.21
$35.60
Volume
482,175 shs
Average Volume
462,612 shs
Market Capitalization
$2.23 billion
P/E Ratio
16.95
Dividend Yield
2.91%
Price Target
$25.00

Kennametal MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
9.5% Downside
$25.00 Price Target
Short Interest
Bearish
5.73% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$17,850 Sold Last Quarter
Proj. Earnings Growth
15.33%
From $1.50 to $1.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.55 out of 5 stars

Industrial Products Sector

164th out of 183 stocks

Machine Tools, Metal Cutting Type Industry

1st out of 1 stocks


KMT stock logo

About Kennametal (NYSE:KMT) Stock

Kennametal, Inc. engages in the development and application of tungsten carbides, ceramics, and solutions used in metal cutting and extreme wear applications. It operates through the following segments: Metal Cutting and Infrastructure. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace, general engineering, energy and transportation. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the energy, earthworks and general engineering end markets. The company was founded by Philip M. McKenna in 1938 and is headquartered in Pittsburgh, PA.

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KMT Stock News Headlines

J.P. Morgan Reaffirms Their Sell Rating on Kennametal (KMT)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Kennametal Names Paul Sternlieb to Board of Directors
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
A Look At The Fair Value Of Kennametal Inc. (NYSE:KMT)
Kennametal Announces Fiscal 2023 First Quarter Results
Kennametal (KMT) Lags Q1 Earnings Estimates
Tool Steel Global Market Report 2022 - Yahoo Finance UK
Tool Steel Global Market Report 2022 - GlobeNewswire
See More Headlines
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KMT Company Calendar

Last Earnings
10/31/2022
Ex-Dividend for 11/22 Dividend
11/07/2022
Dividend Payable
11/22/2022
Today
1/27/2023
Next Earnings (Confirmed)
2/06/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Machine tools, metal cutting type
Sub-Industry
Industrial Machinery
CUSIP
48917010
Employees
8,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$25.00
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
-9.5%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
6 Analysts

Profitability

Net Income
$144.62 million
Pretax Margin
9.68%

Debt

Sales & Book Value

Annual Sales
$2.01 billion
Cash Flow
$3.41 per share
Book Value
$15.63 per share

Miscellaneous

Free Float
79,279,000
Market Cap
$2.23 billion
Optionable
Optionable
Beta
1.87

Key Executives

  • Christopher Rossi
    President, CEO & Non-Independent Director
  • Patrick S. Watson
    Chief Financial Officer & Vice President
  • Carlonda R. Reilly
    Chief Technology Officer & Vice President
  • Judith L. BacchusJudith L. Bacchus
    Chief Administrative Officer & Vice President
  • Michelle Ruth Keating
    Secretary, Vice President & General Counsel













KMT Stock - Frequently Asked Questions

Should I buy or sell Kennametal stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KMT shares. 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 KMT analyst ratings
or view top-rated stocks.

What is Kennametal's stock price forecast for 2023?

6 brokers have issued twelve-month target prices for Kennametal's stock. Their KMT share price forecasts range from $19.00 to $35.00. On average, they anticipate the company's stock price to reach $25.00 in the next year. This suggests that the stock has a possible downside of 9.5%.
View analysts price targets for KMT
or view top-rated stocks among Wall Street analysts.

How have KMT shares performed in 2023?

Kennametal's stock was trading at $24.06 on January 1st, 2023. Since then, KMT stock has increased by 14.8% and is now trading at $27.63.
View the best growth stocks for 2023 here
.

Are investors shorting Kennametal?

Kennametal saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 4,270,000 shares, an increase of 8.7% from the December 15th total of 3,930,000 shares. Based on an average daily volume of 721,600 shares, the short-interest ratio is presently 5.9 days. Currently, 5.6% of the shares of the company are sold short.
View Kennametal's Short Interest
.

When is Kennametal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our KMT earnings forecast
.

How can I listen to Kennametal's earnings call?

Kennametal will be holding an earnings conference call on Tuesday, February 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) posted its quarterly earnings results on Monday, October, 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by $0.03. The industrial products company had revenue of $494.79 million for the quarter, compared to analysts' expectations of $488.06 million. Kennametal had a trailing twelve-month return on equity of 10.69% and a net margin of 6.75%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share.

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

Kennametal declared a quarterly dividend on Monday, October 31st. Shareholders of record on Tuesday, November 8th will be given a dividend of $0.20 per share on Tuesday, November 22nd. This represents a $0.80 annualized dividend and a yield of 2.90%. The ex-dividend date is Monday, November 7th.
Read our dividend analysis for KMT
.

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 2.91%. The dividend payout ratio is 49.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 46.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KMT.

How will Kennametal's stock buyback program work?

Kennametal announced that its Board of Directors has initiated a share buyback program on Monday, August 2nd 2021, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its shares are undervalued.

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

Kennametal updated its second quarter 2023 earnings guidance on Monday, November, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $480.00 million-$500.00 million, compared to the consensus revenue estimate of $492.23 million.

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

15 employees have rated Kennametal Chief Executive Officer Christopher Rossi on Glassdoor.com. Christopher Rossi has an approval rating of 83% among the company'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."

Who are Kennametal's major shareholders?

Kennametal's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Comerica Bank (0.07%), Yousif Capital Management LLC (0.05%), SummerHaven Investment Management LLC (0.04%) and State of Alaska Department of Revenue (0.01%). Insiders that own company stock include Cindy L Davis, John Wayne Witt, Joseph Alvarado, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Ronald L Port and William M Lambert.
View institutional ownership trends
.

How do I buy shares of Kennametal?

Shares of KMT stock 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 $27.63.

How much money does Kennametal make?

Kennametal (NYSE:KMT) has a market capitalization of $2.23 billion and generates $2.01 billion in revenue each year. The industrial products company earns $144.62 million in net income (profit) each year or $1.63 on an earnings per share basis.

How many employees does Kennametal have?

The company employs 8,600 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 the company 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 1/27/2023 by MarketBeat.com Staff