In last trading session, Kennametal Inc. (NYSE:KMT) saw 0.87 million shares changing hands with its beta currently measuring 1.71. Company’s recent per share price level of $24.54 trading at $0.38 or 1.57% at ring of the bell on the day assigns it a market valuation of $1.95B. That closing price of KMT’s stock is at a discount of -24.69% from its 52-week high price of $30.60 and is indicating a premium of 10.02% from its 52-week low price of $22.08. Taking a look at company’s average trading volume volume of 642.29K if we extend that period to 3-months.
Kennametal Inc. (NYSE:KMT) trade information
Upright in the green during last session for gaining 1.57%, in the last five days KMT remained trading in the green while hitting it’s week-highest on Friday, 05/03/24 when the stock touched $24.54 price level, adding 0.37% to its value on the day. Kennametal Inc.’s shares saw a change of -4.85% in year-to-date performance and have moved 2.08% in past 5-day. Kennametal Inc. (NYSE:KMT) showed a performance of 2.29% in past 30-days.
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Kennametal Inc. (KMT) estimates and forecasts
Statistics highlight that Kennametal Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 7.54% of value to its shares in past 6 months, showing an annual growth rate of -1.97% while that of industry is 9.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -9.66% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -2.93% while estimates for its earnings growth in next 5 years are of 10.30%.
KMT Dividends
Kennametal Inc. is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
