Kennametal Inc. Common Stock (NYSE:KMT):
Kennametal Announces Fiscal 2017 First Quarter Results.
The company is up by 2.37% since yesterday’s close of $26.96.
The company recently declared a dividend for shareholders paid on Friday the 26th of August 2016. The dividend payment was $0.200 per share for the quarter which is $0.80 annualized. The dividend yield was $2.77. The ex-dividend date was Wednesday the 10th of August 2016.
Shares last traded at $27.60 slightly below the 50 day moving average of $28.34 and which is a tad above the 200 day moving average of $25.69. The 50 day moving average was down $-0.74 or -2.61% and the 200 day average moved up $1.91.
As of 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 now outstanding. Analysts expect next quarter’s EPS will be $0.40 with next year’s EPS projected to be $1.65.
A few Wall Street analysts have provided guidance on the company of late. October 11 investment analysts at Jefferies held the stock rating at “Buy” but raised the price target from $23.00 to $35.00. On August 18 the company was downgraded to “Neutral” from “” in a report from Seaport Global.
On May 4 the stock rating was downgraded from “Buy” to “Hold” in a statement from Stifel Nicolaus. On March 18 the company was downgraded from “Buy” to “Neutral” by analysts at Longbow Research.
On February 4 the company was rated “Neutral” according to a Longbow Research report a boost from the previous “Underperform” rating. On February 1 the company was upgraded from “” to “Neutral” in a report issued by Bank of America.