Kennametal (KMT) Earning Somewhat Favorable News Coverage, Report Shows
News stories about Kennametal (NYSE:KMT) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kennametal earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.6283600605917 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Free Research Reports on These Industrial Goods Stocks — Timken, Stanley Black & Decker, Kennametal, and Interface (it.tmcnet.com)
- Kennametal Inc. (KMT) Analysts See $0.52 EPS; Last Week AerCap Holdings NV (AER) Coverage – Hill Country Times (hillcountrytimes.com)
- Kennametal Raises $925,000 For The United Way Through Annual Drive (finance.yahoo.com)
- Clarivest Asset Management Has Trimmed By $2.91 Million Its Kennametal (KMT) Holding; Arcimoto (FUV) Sellers … – Hill Country Times (hillcountrytimes.com)
KMT has been the subject of several recent research reports. Jefferies Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Kennametal in a report on Friday, October 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $45.00 target price on shares of Kennametal in a report on Friday, October 20th. Credit Suisse Group upped their target price on Kennametal from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, October 4th. Finally, TheStreet raised Kennametal from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Kennametal has an average rating of “Hold” and a consensus price target of $45.86.
Shares of Kennametal (KMT) traded up $0.50 during mid-day trading on Tuesday, reaching $50.79. The company had a trading volume of 618,115 shares, compared to its average volume of 898,321. Kennametal has a 1-year low of $31.40 and a 1-year high of $51.07. The company has a market cap of $4,110.00, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 2.37 and a beta of 1.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.71 and a quick ratio of 1.41.
Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.17. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. The business had revenue of $542.45 million during the quarter, compared to analyst estimates of $516.80 million. During the same period in the prior year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. sell-side analysts forecast that Kennametal will post 2.54 EPS for the current fiscal year.
In related news, Director Timothy R. Mclevish sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $48.00, for a total value of $960,000.00. Following the completion of the transaction, the director now directly owns 66,904 shares of the company’s stock, valued at approximately $3,211,392. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven H. Wunning sold 4,445 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $46.63, for a total value of $207,270.35. Following the completion of the transaction, the director now directly owns 29,693 shares of the company’s stock, valued at $1,384,584.59. The disclosure for this sale can be found here. Insiders sold a total of 59,570 shares of company stock valued at $2,816,345 over the last three months. Corporate insiders own 2.00% of the company’s stock.
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Kennametal Company Profile
Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.
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