Media coverage about Kennametal (NYSE:KMT) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kennametal earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.6283600605917 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
Shares of Kennametal (NYSE KMT) traded down $0.97 during mid-day trading on Tuesday, hitting $50.95. The stock had a trading volume of 1,097,729 shares, compared to its average volume of 723,550. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. The firm has a market cap of $4,230.00, a PE ratio of 37.74, a PEG ratio of 2.45 and a beta of 1.98. Kennametal has a one year low of $32.23 and a one year high of $52.52.
Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.17. The business had revenue of $542.45 million for the quarter, compared to analysts’ expectations of $516.80 million. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. sell-side analysts predict that Kennametal will post 2.54 EPS for the current year.
Several brokerages recently issued reports on KMT. KeyCorp reissued a “buy” rating and issued a $56.00 price target on shares of Kennametal in a report on Wednesday, January 10th. BMO Capital Markets raised their price target on Kennametal from $45.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 13th. ValuEngine downgraded Kennametal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet upgraded Kennametal from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group raised their target price on Kennametal from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.45.
In other news, Director Steven H. Wunning sold 4,445 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $46.63, for a total value of $207,270.35. Following the completion of the sale, the director now owns 29,693 shares of the company’s stock, valued at $1,384,584.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy R. Mclevish sold 7,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $47.00, for a total value of $329,000.00. Following the completion of the sale, the director now directly owns 78,904 shares of the company’s stock, valued at approximately $3,708,488. The disclosure for this sale can be found here. Insiders sold a total of 59,570 shares of company stock worth $2,816,345 over the last 90 days. 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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