Kennametal - KMT Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

8 equities research analysts have issued 1 year target prices for Kennametal's shares. Their KMT share price forecasts range from $19.00 to $45.00. On average, they expect the company's stock price to reach $27.13 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price.
View analysts price targets for KMT or view top-rated stocks among Wall Street analysts.

Kennametal's stock was trading at $35.91 at the beginning of the year. Since then, KMT stock has decreased by 39.3% and is now trading at $21.80.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our KMT earnings forecast.

Kennametal Inc. (NYSE:KMT) announced its quarterly earnings data on Monday, August, 1st. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.06. The industrial products company had revenue of $530.02 million for the quarter, compared to analysts' expectations of $516.09 million. Kennametal had a trailing twelve-month return on equity of 11.10% and a net margin of 7.19%. Kennametal's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share.

Kennametal announced a quarterly dividend on Tuesday, August 2nd. Investors of record on Tuesday, August 9th will be paid a dividend of $0.20 per share on Tuesday, August 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Monday, August 8th.
Read our dividend analysis for KMT.

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.89%. The dividend payout ratio is 46.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 37.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KMT.

Kennametal declared that its Board of Directors has authorized a stock repurchase plan on Monday, August 2nd 2021, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Kennametal updated its first quarter 2023 earnings guidance on Tuesday, August, 9th. 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 $485.44 million.

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.

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).

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

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.

One share of KMT stock can currently be purchased for approximately $21.80.

Kennametal (NYSE:KMT) has a market capitalization of $1.78 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 $1.72 on an earnings per share basis.

The company employs 8,600 workers across the globe.

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.