Kennametal Inc (NYSE: KMT) kicked off on Tuesday, down -0.82% from the previous trading day, before settling in for the closing price of $28.20. Over the past 52 weeks, KMT has traded in a range of $22.50-$32.18.
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A company in the Industrials sector has dropped its sales by -2.38% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -3.28%. With a float of $76.77 million, this company’s outstanding shares have now reached $77.89 million.
In an organization with 8447 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 29.93%, operating margin of 8.31%, and the pretax margin is 6.75%.
Kennametal Inc (KMT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Tools & Accessories Industry. The insider ownership of Kennametal Inc is 1.22%, while institutional ownership is 109.84%. The most recent insider transaction that took place on Nov 07 ’24, was worth 939,904. In this transaction Vice President of this company sold 32,000 shares at a rate of $29.37, taking the stock ownership to the 34,500 shares. Before that another transaction happened on Nov 07 ’24, when Company’s Director sold 13,053 for $30.83, making the entire transaction worth $402,463. This insider now owns 6,534 shares in total.
Kennametal Inc (KMT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.29 earnings per share (EPS), higher than consensus estimate (set at 0.25) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.28% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.40% during the next five years compared to -13.99% drop over the previous five years of trading.
Kennametal Inc (NYSE: KMT) Trading Performance Indicators
Take a look at Kennametal Inc’s (KMT) current performance indicators. Last quarter, stock had a quick ratio of 1.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.07. Likewise, its price to free cash flow for the trailing twelve months is 11.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.28, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.66 in one year’s time.
Technical Analysis of Kennametal Inc (KMT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.8 million. That was better than the volume of 0.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 18.72%. Additionally, its Average True Range was 0.93.
During the past 100 days, Kennametal Inc’s (KMT) raw stochastic average was set at 56.51%, which indicates a significant increase from 41.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.65% in the past 14 days, which was higher than the 36.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.26, while its 200-day Moving Average is $25.01. However, in the short run, Kennametal Inc’s stock first resistance to watch stands at $28.24. Second resistance stands at $28.52. The third major resistance level sits at $28.82. If the price goes on to break the first support level at $27.66, it is likely to go to the next support level at $27.36. Assuming the price breaks the second support level, the third support level stands at $27.08.
Kennametal Inc (NYSE: KMT) Key Stats
The company with the Market Capitalisation of 2.17 billion has total of 77,726K Shares Outstanding. Its annual sales at the moment are 2,047 M in contrast with the sum of 109,320 K annual income. Company’s last quarter sales were recorded 481,950 K and last quarter income was 22,120 K.
