Kennametal (KMT) Earns Daily News Sentiment Score of 0.05

Media stories about Kennametal (NYSE:KMT) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kennametal earned a news impact score of 0.05 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.6283600605917 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Kennametal (NYSE KMT) traded up $0.24 during mid-day trading on Friday, reaching $50.24. The company had a trading volume of 832,400 shares, compared to its average volume of 762,900. The company has a market cap of $4,070.00, a PE ratio of 37.21, a PEG ratio of 2.33 and a beta of 1.98. Kennametal has a fifty-two week low of $31.40 and a fifty-two week high of $51.07. 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 announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The business had revenue of $542.45 million during the quarter, compared to analyst estimates of $516.80 million. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. analysts predict that Kennametal will post 2.54 EPS for the current year.

Several equities analysts recently issued reports on KMT shares. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Kennametal in a research report on Thursday, September 21st. Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, October 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Kennametal in a research report on Friday, October 20th. Credit Suisse Group upped their price objective on Kennametal from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, TheStreet raised Kennametal from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. One research 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’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.86.

In other Kennametal news, Director Steven H. Wunning sold 4,445 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $46.63, for a total transaction of $207,270.35. Following the completion of the sale, the director now directly owns 29,693 shares in the company, valued at approximately $1,384,584.59. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert J. Clemens sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were 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 quarter, insiders have sold 59,570 shares of company stock valued at $2,816,345. Company insiders own 2.00% of the company’s stock.

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About Kennametal

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.

Insider Buying and Selling by Quarter for Kennametal (NYSE:KMT)

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