After finishing at $24.99 in the prior trading day, Kennametal Inc. (NYSE: KMT) closed at $24.02, down -3.88%. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 578974 shares were traded.
Ratios:
Our goal is to gain a better understanding of KMT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on January 08, 2024, initiated with a Equal-Weight rating and assigned the stock a target price of $24.
On July 08, 2022, UBS Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $27 to $19.
Loop Capital Downgraded its Buy to Hold on April 06, 2022, whereas the target price for the stock was revised from $41 to $29.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 07 ’24 when Witt John Wayne sold 1,000 shares for $25.55 per share. The transaction valued at 25,550 led to the insider holds 1,343 shares of the business.
Witt John Wayne sold 450 shares of KMT for $10,908 on Dec 04 ’23. The Vice President now owns 2,343 shares after completing the transaction at $24.24 per share. On Sep 14 ’23, another insider, Davis Cindy L, who serves as the Director of the company, sold 11,431 shares for $25.50 each. As a result, the insider received 291,513 and left with 14,966 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KMT now has a Market Capitalization of 1.90B and an Enterprise Value of 2.48B. As of this moment, Kennametal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.98, and their Forward P/E ratio for the next fiscal year is 14.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 1.20 whereas that against EBITDA is 7.92.
Stock Price History:
Over the past 52 weeks, KMT has reached a high of $30.60, while it has fallen to a 52-week low of $22.08. The 50-Day Moving Average of the stock is 24.68, while the 200-Day Moving Average is calculated to be 25.62.
Shares Statistics:
The stock has traded on average 684.12K shares per day over the past 3-months and 498.79k shares per day over the last 10 days, according to various share statistics. A total of 79.83M shares are outstanding, with a floating share count of 75.81M. Insiders hold about 4.36% of the company’s shares, while institutions hold 103.76% stake in the company. Shares short for KMT as of Feb 29, 2024 were 3.96M with a Short Ratio of 5.79, compared to 4.82M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.00% and a Short% of Float of 8.00%.
Dividends & Splits
In the trailing 12 months, KMT’s forward annual dividend rate was 0.80, compared to 0.80 this year. Against a Trailing Annual Dividend Yield of 3.20%, it implies a Forward Annual Dividend Yield of 3.33%. The stock’s 5-year Average Dividend Yield is 2.72. The current Payout Ratio is 54.98% for KMT, which recently paid a dividend on Feb 27, 2024 with an ex-dividend date of Feb 12, 2024. Stock splits for the company last occurred on Dec 19, 2007 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.31 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.26, while EPS last year was $0.39. The consensus estimate for the next quarter is $0.47, with high estimates of $0.51 and low estimates of $0.43.
Analysts are recommending an EPS of between $1.56 and $1.4 for the fiscal current year, implying an average EPS of $1.49. EPS for the following year is $1.67, with 9 analysts recommending between $1.86 and $1.34.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for KMT’s current fiscal year. The highest revenue estimate was $2.06B, while the lowest revenue estimate was $2.04B, resulting in an average revenue estimate of $2.05B. In the same quarter a year ago, actual revenue was $2.08B, down -1.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.09B in the next fiscal year. The high estimate is $2.12B and the low estimate is $2.04B. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.
