Wall Street analysts expect that Kennametal Inc. (NYSE:KMT) will announce earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Kennametal’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.60. Kennametal posted earnings per share of $0.24 during the same quarter last year, which would indicate a positive year-over-year growth rate of 116.7%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Kennametal will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.17 to $2.60. For the next financial year, analysts forecast that the company will post earnings of $2.85 per share, with EPS estimates ranging from $2.73 to $3.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Kennametal.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.17. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The company had revenue of $542.45 million for the quarter, compared to analysts’ expectations of $516.80 million. During the same quarter in the previous year, the company posted $0.11 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Kennametal from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, August 4th. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price target on shares of Kennametal in a report on Wednesday, August 23rd. TheStreet upgraded Kennametal from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price target on shares of Kennametal in a report on Thursday, September 21st. Finally, Credit Suisse Group lifted their price target on Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $45.23.

Kennametal (NYSE:KMT) opened at $43.78 on Monday. Kennametal has a fifty-two week low of $31.12 and a fifty-two week high of $48.89. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3,548.29, a price-to-earnings ratio of 22.45, a PEG ratio of 2.07 and a beta of 1.96.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. Kennametal’s dividend payout ratio (DPR) is presently 59.26%.

TRADEMARK VIOLATION NOTICE: “$0.52 EPS Expected for Kennametal Inc. (KMT) This Quarter” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/11/20/0-52-eps-expected-for-kennametal-inc-kmt-this-quarter.html.

In other Kennametal news, Director Steven H. Wunning sold 4,445 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $46.63, for a total transaction of $207,270.35. Following the sale, the director now directly owns 29,693 shares in the company, valued at $1,384,584.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Clemens sold 10,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $46.82, for a total transaction of $468,200.00. The disclosure for this sale can be found here. Insiders have sold 15,015 shares of company stock worth $695,563 over the last quarter. Insiders own 2.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in KMT. Janus Henderson Group PLC acquired a new position in shares of Kennametal during the second quarter worth about $76,161,000. Vanguard Group Inc. grew its position in shares of Kennametal by 18.0% during the second quarter. Vanguard Group Inc. now owns 8,290,187 shares of the industrial products company’s stock worth $310,219,000 after buying an additional 1,263,163 shares in the last quarter. American Century Companies Inc. grew its position in shares of Kennametal by 69.6% during the second quarter. American Century Companies Inc. now owns 1,709,479 shares of the industrial products company’s stock worth $63,969,000 after buying an additional 701,783 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Kennametal by 48.1% during the second quarter. Alliancebernstein L.P. now owns 1,543,511 shares of the industrial products company’s stock worth $57,758,000 after buying an additional 501,090 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Kennametal by 131.7% during the second quarter. Goldman Sachs Group Inc. now owns 841,647 shares of the industrial products company’s stock worth $31,494,000 after buying an additional 478,446 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

About Kennametal

Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.

Get a free copy of the Zacks research report on Kennametal (KMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kennametal (NYSE:KMT)

Receive News & Stock Ratings for Kennametal Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal Inc. and related stocks with our FREE daily email newsletter.