Kennametal Inc reports results for the quarter ended in March - Earnings Summary

Kennametal

03/05/2022 04:20

* Kennametal Inc  KMT.N  reported quarterly adjusted
earnings of
47 cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
43 cents per share.
    * Revenue rose 5.7% to $512.26 million from a year ago; 
analysts
expected $510.61 million. 
    * Kennametal Inc's reported EPS for the quarter was 42
cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.6%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Kennametal Inc shares had fallen by 10.1% this quarter and
lost 28.3% so far this year.
    * The company reported quarterly net income of $35.3
million.
    * Wall Street's median 12-month price target for Kennametal
Inc is
$33.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated May 3 at 03:20 a.m.  ​All
figures in US dollars unless otherwise stated