For its third fiscal quarter (ending March 31), Kennametal Inc. (NYSE: KMT) has reported a -40% decline in E.P.S. from $0.40 a year ago to $0.24 in the current quarter. This performance was $-0.15 short of the consensus estimate of $0.39. For the latest four quarters through March 31, E.P.S. were $1.36 compared to $1.52 a year ago — a decline of -11%.
Recent Price Action
Kennametal Inc. (NYSE: KMT) stock enjoyed a large increase of 3.2% on 5/8/24. The stock closed at $25.35. Moreover, unusually high trading volume at 187% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 7.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, KMT is expected to continue to be a Value Builder.
Kennametal has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Kennametal has a slightly negative Appreciation Score of 39 and a poor Power Rating of 28, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment