Kennametal Inc. (NYSE: KMT) has reported E.P.S. of $0.28 for its first fiscal quarter (ending September 30) versus $0.38 for the same period a year ago — a decline of -26%. For the latest four quarters through September 30, E.P.S. were $1.28 versus $1.50 for the same period a year ago — a decline of -15%.
Recent Price Action
Kennametal Inc. (NYSE: KMT) stock enjoyed a major increase of 17.5% on 11/6/24. The shares closed at $31.23. Moreover, trading volume in this advance was exceptionally high at 430% of normal. The stock has risen 22.3% during the last week and has performed in line with the market over the last nine months.
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 C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Kennametal has a neutral Appreciation Score of 42 and a neutral Power Rating of 57, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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