Kennametal (NYSE:KMT) Updates FY 2025 Earnings Guidance

Kennametal (NYSE:KMT) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.300-1.700 for the period, compared to the consensus earnings per share estimate of 1.430. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.0 billion. Kennametal also updated its Q2 guidance to $0.20-$0.30 EPS.

Kennametal Price Performance

Shares of Kennametal stock traded up $4.65 during trading on Wednesday, hitting $31.23. The stock had a trading volume of 3,517,677 shares, compared to its average volume of 792,140. Kennametal has a fifty-two week low of $22.38 and a fifty-two week high of $32.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 1.17. The business has a fifty day moving average of $25.54 and a two-hundred day moving average of $24.96. The firm has a market cap of $2.43 billion, a P/E ratio of 22.80, a PEG ratio of 2.88 and a beta of 1.64.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, August 7th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. The business had revenue of $543.31 million during the quarter, compared to analyst estimates of $532.72 million. Kennametal had a net margin of 5.34% and a return on equity of 9.17%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. On average, sell-side analysts expect that Kennametal will post 1.43 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, November 12th. Kennametal’s dividend payout ratio is 58.39%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KMT. Loop Capital boosted their price objective on Kennametal from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Bank of America lowered shares of Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 price target on the stock. in a report on Friday, October 18th. StockNews.com raised shares of Kennametal from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Barclays boosted their target price on shares of Kennametal from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.60.

Kennametal Company Profile

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.