Kennametal Inc. (NYSE:KMT) – Equities researchers at Jefferies Group dropped their Q3 2018 EPS estimates for Kennametal in a research note issued on Wednesday. Jefferies Group analyst S. Volkmann now forecasts that the industrial products company will earn $0.74 per share for the quarter, down from their previous estimate of $0.80. Jefferies Group currently has a “Buy” rating and a $60.00 target price on the stock. Jefferies Group also issued estimates for Kennametal’s Q4 2018 earnings at $0.79 EPS.
Kennametal (NYSE:KMT) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). Kennametal had a net margin of 6.54% and a return on equity of 17.09%. The business had revenue of $571.00 million for the quarter, compared to the consensus estimate of $541.78 million. During the same quarter last year, the business earned $0.24 EPS. Kennametal’s revenue for the quarter was up 17.0% compared to the same quarter last year.
Kennametal (NYSE:KMT) opened at $43.00 on Friday. Kennametal has a 12-month low of $32.23 and a 12-month high of $52.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.52 and a current ratio of 2.77. The company has a market cap of $3,581.07, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 3.42 and a beta of 2.01.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. Kennametal’s dividend payout ratio (DPR) is presently 45.45%.
Several institutional investors have recently added to or reduced their stakes in the company. Hartford Investment Management Co. purchased a new position in Kennametal in the 3rd quarter worth about $202,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kennametal by 41.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,019 shares of the industrial products company’s stock worth $243,000 after buying an additional 1,463 shares during the period. Trexquant Investment LP purchased a new position in Kennametal in the 3rd quarter worth about $207,000. Verition Fund Management LLC purchased a new position in Kennametal in the 4th quarter worth about $280,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Kennametal in the 3rd quarter worth about $234,000. Hedge funds and other institutional investors own 99.33% 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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