Kennametal Inc. (NYSE: KMT) has reported E.P.S. of $0.47 for its fourth fiscal quarter (ending June 30) versus $0.45 for the same period a year ago — an increase of 4%. This result exceeded the consensus estimate of $0.44 by $0.04. E.P.S. were $1.38 for the latest four quarters through June 30 versus $1.47 for the same period a year ago — a decline of -6%.
Recent Price Action
Kennametal Inc. (NYSE: KMT) stock closed at $24.13 on 8/7/24 after a modest gain of 0.8%. Moreover, exceptionally high trading volume at 274% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -8.0% 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Kennametal has a slightly negative Appreciation Score of 40 and a poor Power Rating of 29, with the Negative Value Trend Rating the result.
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.
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