Kennametal Inc. (NYSE:KMT) is reporting fourth quarter earnings results on Monday 3rd August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.12 per share.
For the full year, analysts predict revenues of $ 1904.98 million, while looking forward to income of $ 0.90 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.20 ~ $ 1.50 per share
Click Here For More Historical Outlooks Of Kennametal Inc.
Previous Quarter Performance
Kennametal Inc. unfold income for the third quarter of $ 0.46 per share, from the revenue of $ 483.08 million. The quarterly earnings reduced 40.26 percent compared with the same quarter last year. According to street consensus, KMT was expected to report 3Q20 income of $ 0.32 per share from revenue of $ 515.88 million. The bottom line results beat street analysts by $ 0.14 or 43.75 percent, at the same time, top line results fell short of analysts by $ 32.8 million or 6.36 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of KMT was $ 26.96, representing a 86.57 % increase from the 52 week low of $ 14.45 and a 30.39 % decrease over the 52 week high of $ 38.73.
The company has a market capital of $ 2.24 billion and is part of the Industrials sector and Tools & Accessories industry.
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Recent Analyst recommendations
- On 26th June 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 33.00 target price.
- On 11th June 2020, maintained by KeyBanc at Overweight rating, with $ 38.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.20 per share on May 4, 2020. The dividend were payable on May 27, 2020 to holders of record as of the close of business on May 12, 2020 and ex-dividend date on May 11, 2020.
Kennametal Inc. develops and applies tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. It operates through three segments: Industrial, Widia, and Infrastructure.
