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 1.560. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion. Kennametal also updated its FY24 guidance to $1.30 to $1.70 EPS.

Kennametal Stock Performance

Shares of NYSE:KMT traded up $0.05 during trading on Wednesday, reaching $24.00. The company had a trading volume of 994,426 shares, compared to its average volume of 656,433. Kennametal has a fifty-two week low of $22.08 and a fifty-two week high of $27.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.42 and a quick ratio of 1.09. The stock’s fifty day moving average price is $24.28 and its 200 day moving average price is $24.53. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.37 and a beta of 1.66.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $515.80 million during the quarter, compared to analysts’ expectations of $518.50 million. Kennametal had a net margin of 5.29% and a return on equity of 9.35%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. As a group, equities research analysts predict that Kennametal will post 1.45 EPS for the current year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.33%. Kennametal’s dividend payout ratio (DPR) is 59.26%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Loop Capital reduced their price objective on shares of Kennametal from $24.00 to $22.00 and set a hold rating for the company in a research report on Friday, June 21st. Barclays reduced their price target on Kennametal from $25.00 to $24.00 and set an equal weight rating for the company in a report on Wednesday, July 10th. Finally, StockNews.com downgraded Kennametal from a buy rating to a hold rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Kennametal presently has a consensus rating of Hold and a consensus price target of $23.67.

Insiders Place Their Bets

In other Kennametal news, CEO Sanjay Chowbey bought 5,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $24.28 per share, for a total transaction of $121,400.00. Following the acquisition, the chief executive officer now owns 49,270 shares of the company’s stock, valued at approximately $1,196,275.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.61% of the stock is currently owned by company insiders.

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.