Kennametal Inc. Common Stock (NYSE:KMT):
Kennametal Management to Host Analyst Day on November 3, 2016.
In the market the company is trading up from yesterday’s close of $26.96.
Kennametal Inc. Common Stock also declared a dividend for shareholders that was paid on Friday the 26th of August 2016. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. The dividend yield was $2.77. The ex-dividend date was set for Wednesday the 10th of August 2016.
The stock last traded at $27.60 a tad below the 50 day moving average of $28.34 and a tad higher than the 200 day moving average of $25.69. The 50 day moving average went down $-0.74 or -2.61% and the 200 day average was up $1.91.
In the last earnings report the EPS was $-2.83 and is expected to be $1.28 for the current year with 80,054,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.40 and the next full year EPS is projected to be $1.65.
A few brokerage firms have released ratings on KMT of late. October 11 investment analysts at Jefferies kept the stock rating at “Buy” but moved up the price target to $35.00 from $23.00. On August 18 the stock rating was downgraded from “” to “Neutral” in a report from Seaport Global.
On May 4 the company was downgraded to “Hold” from “Buy” by analysts at Stifel Nicolaus. On March 18 the stock rating was downgraded to “Neutral” from “Buy” in a statement from Longbow Research.
On February 4, 2016 the stock rating was changed to a “Neutral” according to a Longbow Research report up from the previous “Underperform” rating. On February 1 the company was rated “Neutral” in a report from Bank of America which was a boost from the previous “” rating.