Kennametal (NYSE:KMT) Issues FY 2026 Earnings Guidance

Kennametal (NYSE:KMT) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.050-2.450 for the period, compared to the consensus estimate of 1.640. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.1 billion. Kennametal also updated its Q3 2026 guidance to 0.500-0.600 EPS.

Kennametal Price Performance

NYSE:KMT traded up $2.26 during mid-day trading on Wednesday, reaching $38.02. The stock had a trading volume of 2,334,407 shares, compared to its average volume of 1,160,424. The stock has a market capitalization of $2.89 billion, a PE ratio of 31.19, a P/E/G ratio of 4.22 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.60 and a quick ratio of 1.18. Kennametal has a 12 month low of $17.30 and a 12 month high of $40.90. The stock has a 50-day simple moving average of $30.57 and a two-hundred day simple moving average of $25.51.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. The company had revenue of $529.53 million during the quarter, compared to the consensus estimate of $514.70 million. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, equities analysts anticipate that Kennametal will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, February 10th. Kennametal’s dividend payout ratio is 65.57%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KMT shares. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Barclays lifted their price objective on shares of Kennametal from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. raised their target price on Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 14th. UBS Group boosted their price objective on shares of Kennametal from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Wall Street Zen upgraded Kennametal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kennametal presently has an average rating of “Hold” and an average price target of $29.67.

Kennametal News Summary

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: Q2 results beat consensus — EPS $0.47 vs. $0.35 estimate and revenue $529.5M vs. $514.7M; sales rose ~10% year-over-year and adjusted operating income jumped materially. Management highlighted stronger volume and pricing drivers. Kennametal Announces Fiscal 2026 Second Quarter Results
• Positive Sentiment: Company materially raised FY2026 guidance to EPS $2.05–$2.45 (consensus ~$1.64) and revenue $2.2B–$2.3B (consensus ~$2.1B), giving investors a clearer, higher-growth outlook. That guidance lift is a primary catalyst for the rally. Earnings & Guidance Details
• Positive Sentiment: Analyst coverage and headlines quickly reflected the beat + upgraded outlook, supporting momentum in the shares. Shares Climb After Q2 Beat
• Neutral Sentiment: Q3 (fiscal) guidance set at EPS $0.50–$0.60 and revenue $545M–$565M (slightly above consensus) — indicates continued near-term strength but with a wide range. Quarterly Slide Deck
• Neutral Sentiment: Management said part of the sales upside was driven by customer buy-ahead related to tungsten pricing and modest end‑market improvement — a positive for near-term revenue but potentially less durable if inventory patterns normalize. Company Release
• Neutral Sentiment: Coverage pieces and earnings snapshots (Zacks, Yahoo) provide deeper metric analysis and capital-allocation discussion (dividend vs. reinvestment). Useful for investors judging sustainability vs. valuation. Zacks Earnings Coverage
• Negative Sentiment: Valuation and margin context: KMT trades at a relatively elevated P/E (background ~31.7) with modest net margin (~4.8%), so upside depends on whether above‑consensus guidance reflects sustainable demand rather than temporary inventory effects. Market Data & Metrics

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Kennametal by 17.7% in the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after buying an additional 4,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kennametal by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock worth $986,000 after buying an additional 2,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kennametal by 13.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock worth $5,124,000 after purchasing an additional 28,020 shares during the period. Jane Street Group LLC boosted its stake in Kennametal by 39.3% during the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock valued at $4,897,000 after purchasing an additional 64,907 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Kennametal during the 2nd quarter valued at approximately $585,000.

About Kennametal

Kennametal Inc is a global industrial technology company that designs and manufactures advanced materials, tooling systems, and engineered components for a range of demanding applications. Its solutions support precision metalworking, earthmoving, and wear-resistant environments, catering to customers seeking enhanced productivity, longer tool life, and reduced operating costs.

The company’s product portfolio spans indexable cutting tools, solid round tools, tool holders, metalworking fluid systems, wear parts, ceramics and composites, and custom-engineered components.