Brokers Set Expectations for Kennametal Inc.’s FY2018 Earnings (KMT)
Kennametal Inc. (NYSE:KMT) – Stock analysts at Barrington Research issued their FY2018 earnings estimates for Kennametal in a research report issued to clients and investors on Thursday. Barrington Research analyst M. Gall anticipates that the industrial products company will post earnings per share of $2.48 for the year. Barrington Research currently has a “Outperform” rating and a $53.00 target price on the stock.
Kennametal (NYSE:KMT) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $571.00 million for the quarter, compared to the consensus estimate of $541.78 million. Kennametal had a return on equity of 17.09% and a net margin of 6.54%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS.
Shares of Kennametal (KMT) opened at $42.59 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.52 and a current ratio of 2.77. Kennametal has a twelve month low of $32.23 and a twelve month high of $52.52. The firm has a market cap of $3,474.21, a P/E ratio of 19.10, a P/E/G ratio of 1.99 and a beta of 1.95.
Institutional investors have recently made changes to their positions in the company. Fortaleza Asset Management Inc. purchased a new stake in shares of Kennametal in the 3rd quarter valued at $115,000. Hartford Investment Management Co. purchased a new stake in shares of Kennametal in the 3rd quarter valued at $202,000. World Asset Management Inc purchased a new stake in shares of Kennametal in the 3rd quarter valued at $207,000. Trexquant Investment LP purchased a new stake in shares of Kennametal in the 3rd quarter valued at $207,000. Finally, Koch Industries Inc. purchased a new stake in shares of Kennametal in the 2nd quarter valued at $211,000. 98.47% of the stock is owned by institutional investors.
In other news, Director Timothy R. Mclevish sold 7,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $47.00, for a total value of $329,000.00. Following the completion of the sale, the director now owns 78,904 shares of the company’s stock, valued at approximately $3,708,488. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Mclevish sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $48.00, for a total transaction of $960,000.00. Following the completion of the sale, the director now directly owns 66,904 shares of the company’s stock, valued at approximately $3,211,392. The disclosure for this sale can be found here. Insiders sold a total of 45,125 shares of company stock valued at $2,140,875 in the last ninety days. 2.00% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th will be paid a $0.20 dividend. The ex-dividend date is Monday, February 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.88%. Kennametal’s dividend payout ratio (DPR) is 45.45%.
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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.
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