Kennametal (NYSE:KMT) Releases Earnings Results

Kennametal (NYSE:KMT) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02), Zacks reports. Kennametal had a net margin of 4.98% and a return on equity of 8.35%. Kennametal updated its FY 2025 guidance to 1.050-1.300 EPS and its Q3 2025 guidance to 0.200-0.300 EPS.

Kennametal Trading Down 4.5 %

Kennametal stock traded down $1.04 during trading hours on Wednesday, reaching $22.42. 569,389 shares of the company’s stock were exchanged, compared to its average volume of 850,498. The firm has a market capitalization of $1.74 billion, a PE ratio of 17.55, a PEG ratio of 2.32 and a beta of 1.66. The company has a quick ratio of 1.16, a current ratio of 2.52 and a debt-to-equity ratio of 0.45. The firm’s 50 day simple moving average is $25.21 and its 200 day simple moving average is $25.66. Kennametal has a twelve month low of $20.50 and a twelve month high of $32.18.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 3.57%. Kennametal’s payout ratio is 62.50%.

Insider Activity

In other news, VP John Wayne Witt sold 1,765 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $29.35, for a total transaction of $51,802.75. Following the transaction, the vice president now owns 1,642 shares in the company, valued at approximately $48,192.70. This represents a 51.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Franklin Cardenas sold 20,470 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $28.24, for a total transaction of $578,072.80. Following the transaction, the vice president now directly owns 39,581 shares in the company, valued at $1,117,767.44. This trade represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. 1.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on KMT. Barclays dropped their target price on Kennametal from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. StockNews.com upgraded shares of Kennametal from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group cut shares of Kennametal from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $32.00 in a research report on Friday, December 6th. Morgan Stanley lifted their price target on shares of Kennametal from $24.50 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Bank of America downgraded Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 price objective for the company. in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Kennametal currently has an average rating of “Hold” and an average price target of $27.67.

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.