Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Kennametal (KMT) Share Price
Media headlines about Kennametal (NYSE:KMT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kennametal earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.9692431072312 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Some Mutual Funds Get A Boost From Value Stock Tilt (investors.com)
- Kennametal, Inc. :KMT-US: Earnings Analysis: Q1, 2018 By the Numbers : December 11, 2017 (finance.yahoo.com)
- Kennametal Inc. (KMT) Expected to Announce Quarterly Sales of $533.50 Million (americanbankingnews.com)
- Zacks.com highlights: Daqo New Energy, Kennametal, DXC Technology, Stifel Financial and Arbor Realty Trust (finance.yahoo.com)
- Judith L. Bacchus Sells 18,125 Shares of Kennametal Inc. (KMT) Stock (americanbankingnews.com)
A number of analysts recently commented on KMT shares. Credit Suisse Group upped their price objective on shares of Kennametal from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Kennametal from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, October 4th. Jefferies Group restated a “buy” rating and issued a $50.00 price objective on shares of Kennametal in a research report on Friday, October 20th. BMO Capital Markets reiterated a “hold” rating and set a $45.00 target price on shares of Kennametal in a report on Friday, October 20th. Finally, TheStreet upgraded Kennametal from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Kennametal currently has an average rating of “Hold” and an average target price of $45.23.
Kennametal (NYSE:KMT) opened at $45.96 on Tuesday. Kennametal has a one year low of $31.12 and a one year high of $48.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.41 and a current ratio of 2.71. The company has a market cap of $3,693.36, a PE ratio of 23.37, a PEG ratio of 2.16 and a beta of 1.98.
Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.17. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The company had revenue of $542.45 million during the quarter, compared to the consensus estimate of $516.80 million. During the same period in the prior year, the business posted $0.11 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. research analysts anticipate that Kennametal will post 2.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Kennametal’s dividend payout ratio is 59.26%.
In other news, VP Judith L. Bacchus sold 18,125 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $47.00, for a total transaction of $851,875.00. Following the completion of the transaction, the vice president now directly owns 38,528 shares in the company, valued at approximately $1,810,816. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert J. Clemens sold 10,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $46.82, for a total transaction of $468,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,570 shares of company stock valued at $1,856,345. Company 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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