Press coverage about Kennametal (NYSE:KMT) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kennametal earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage 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 stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Kennametal (NYSE KMT) traded up $0.29 during trading on Thursday, reaching $49.07. The company’s stock had a trading volume of 138,468 shares, compared to its average volume of 845,194. The company has a quick ratio of 1.41, a current ratio of 2.71 and a debt-to-equity ratio of 0.63. Kennametal has a 12-month low of $32.23 and a 12-month high of $52.52. The firm has a market capitalization of $3,965.69, a PE ratio of 36.13, a PEG ratio of 2.30 and a beta of 1.98.
Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.17. The firm had revenue of $542.45 million during 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 revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. analysts expect that Kennametal will post 2.55 earnings per share for the current fiscal year.
KMT has been the subject of several research reports. KeyCorp reiterated a “buy” rating and issued a $56.00 target price on shares of Kennametal in a research report on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and issued a $60.00 target price on shares of Kennametal in a research report on Thursday, January 18th. Credit Suisse Group raised their price objective on Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. BMO Capital Markets raised their price objective on Kennametal from $45.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 13th. Finally, TheStreet upgraded Kennametal from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $48.95.
In related news, VP Judith L. Bacchus sold 18,125 shares of Kennametal stock in a transaction on Monday, December 4th. The stock was sold at an average price of $47.00, for a total transaction of $851,875.00. Following the sale, the vice president now directly owns 38,528 shares in the company, valued at $1,810,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $207,270.35. Following the completion of the sale, the director now owns 29,693 shares in the company, valued at $1,384,584.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,570 shares of company stock worth $2,816,345. 2.00% of the stock is owned by insiders.
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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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