Kennametal (KMT) announced its quarterly earnings results on Tuesday, Nov-3-2015. The company reported $0.14 Earnings Per Share for the quarter, missing the analyst consensus estimate by $-0.08. Analyst had a consensus of $0.22 EPS. The company had revenue of $555.00 million for the quarter, compared to analysts expectations of $572.15 million.The company’s revenue was down -20.1% compared to the same quarter last year. During the same quarter in the previous year, Kennametal posted $0.56 EPS.
Kennametal Inc. (NYSE:KMT) : On Friday heightened volatility was witnessed in Kennametal Inc. (NYSE:KMT) which led to swings in the share price. The shares opened for trading at $27.82 and hit $28.25 on the upside , eventually ending the session at $28.12, with a gain of 1.44% or 0.4 points. The heightened volatility saw the trading volume jump to 1,347,767 shares. The 52-week high of the share price is $40.95 and the company has a market cap of $2,233 million. The 52-week low of the share price is at $23.77 .
Kennametal Inc. has dropped 9.44% during the last 3-month period . Year-to-Date the stock performance stands at -20.14%.Shares of Kennametal Inc. (NYSE:KMT) rose by 2.03% in the past week and 7.82% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.83% and the outperformance increases to 1.18% for the last 4 weeks.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The director of Kennametal Inc, Stranghoener Lawrence W sold 6,160 shares at $37.1 on May 20, 2015. The Insider selling transaction had a total value worth of $228,536. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 3% of Kennametal Inc. shares according to the proxy statements. Institutional Investors own 97.78% of Kennametal Inc. shares.
Kennametal Inc. (Kennametal) is a supplier of tooling, engineered components and advanced materials consumed in production processes. It operates in two segments: Industrial and Infrastructure. The Company’s product offering includes a wide selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as advanced, materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. The Company specializes in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings using specialized types of powder metallurgy. The Company’s metalworking tools are made of cemented tungsten carbides, ceramics, cermets and super-hard materials. In November 2013, Allegheny Technologies Inc has completed the sale of its tungsten materials business to Kennametal Inc.
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