Wall Street brokerages expect Kennametal Inc. (NYSE:KMT) to post earnings per share of $0.20 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Kennametal’s earnings, with estimates ranging from $0.15 to $0.22. Kennametal reported earnings of $0.71 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 71.8%. The company is scheduled to announce its next quarterly earnings report on Monday, February 3rd.

According to Zacks, analysts expect that Kennametal will report full-year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.83. For the next year, analysts forecast that the business will report earnings of $2.42 per share, with EPS estimates ranging from $2.20 to $2.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Kennametal.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Kennametal had a net margin of 8.31% and a return on equity of 15.40%. The company had revenue of $518.09 million during the quarter, compared to analyst estimates of $517.49 million. During the same period last year, the business earned $0.70 earnings per share. Kennametal’s revenue was down 11.7% compared to the same quarter last year.

A number of research firms have recently commented on KMT. UBS Group upgraded shares of Kennametal from a “sell” rating to a “buy” rating and raised their price objective for the company from $27.00 to $42.00 in a research report on Tuesday, November 26th. Wells Fargo & Co upgraded shares of Kennametal from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $42.00 in a research report on Monday, December 16th. Longbow Research lowered shares of Kennametal from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. BMO Capital Markets cut their price objective on shares of Kennametal from $30.50 to $25.00 and set a “market perform” rating for the company in a research report on Tuesday, October 22nd. Finally, Zacks Investment Research lowered shares of Kennametal from a “hold” rating to a “sell” rating and set a $30.00 price objective for the company. in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.88.

In other Kennametal news, VP Ronald L. Port sold 1,500 shares of Kennametal stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $34.12, for a total transaction of $51,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.48% of the company’s stock.

A number of institutional investors have recently made changes to their positions in KMT. Tower Research Capital LLC TRC bought a new stake in Kennametal during the second quarter valued at approximately $52,000. Quadrant Capital Group LLC lifted its position in Kennametal by 61.0% during the third quarter. Quadrant Capital Group LLC now owns 1,939 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 735 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Kennametal during the second quarter valued at approximately $100,000. First Mercantile Trust Co. lifted its position in Kennametal by 30.1% during the third quarter. First Mercantile Trust Co. now owns 4,597 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Brinker Capital Inc. bought a new stake in Kennametal during the third quarter valued at approximately $225,000. Institutional investors and hedge funds own 96.21% of the company’s stock.

Shares of KMT stock traded down $0.12 during trading hours on Tuesday, reaching $35.66. The stock had a trading volume of 554,426 shares, compared to its average volume of 818,714. The stock’s fifty day simple moving average is $36.25 and its 200 day simple moving average is $33.01. The company has a current ratio of 2.54, a quick ratio of 1.21 and a debt-to-equity ratio of 0.47. Kennametal has a 12 month low of $27.49 and a 12 month high of $42.03. The firm has a market capitalization of $2.93 billion, a PE ratio of 11.81, a PEG ratio of 2.38 and a beta of 2.32.

Kennametal Company Profile

Kennametal Inc develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company operates through three segments: Industrial, Widia, and Infrastructure.

Read More: Portfolio Manager

Get a free copy of the Zacks research report on Kennametal (KMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kennametal (NYSE:KMT)

Receive News & Ratings for Kennametal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal and related companies with MarketBeat.com's FREE daily email newsletter.