Kennametal Inc. (NYSE:KMT – Get Free Report) has been given an average recommendation of “Reduce” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $24.33.
Several equities analysts have weighed in on the company. Barclays increased their target price on Kennametal from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Loop Capital raised their price target on Kennametal from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. StockNews.com raised Kennametal from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Bank of America lowered Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 price target on the stock. in a research report on Friday, October 18th.
Get Our Latest Stock Analysis on KMT
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Kennametal Trading Up 0.4 %
NYSE:KMT opened at $25.21 on Friday. Kennametal has a 1-year low of $22.08 and a 1-year high of $27.04. The business’s 50-day moving average price is $25.40 and its two-hundred day moving average price is $24.82. The company has a current ratio of 2.41, a quick ratio of 1.17 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.65 and a beta of 1.65.
Kennametal (NYSE:KMT – Get Free Report) last released its earnings results on Wednesday, August 7th. The industrial products company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.05. Kennametal had a return on equity of 9.17% and a net margin of 5.34%. The firm had revenue of $543.31 million for the quarter, compared to analyst estimates of $532.72 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts expect that Kennametal will post 1.51 earnings per share for the current year.
Kennametal Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.17%. Kennametal’s payout ratio is presently 59.26%.
About Kennametal
Kennametal Inc engages in development and application of 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. The company operates through two segments, Metal Cutting and Infrastructure.
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