Back to top

Image: Bigstock

Kennametal Inc.

Read MoreHide Full Article

Post fiscal first-quarter 2017 earnings, Kennametal’s shares have outperformed compared with the Zacks-categorized Machine-Tools & Related Products’ industry. Over the long run, the company holds solid organic and inorganic growth opportunities. Also, the company aims at developing sound cost structure by rationalization of certain manufacturing facilities and lowering of costs through employee and cost-reduction programs. However, the company is exposed to risks arising from foreign currency translation, stiff competition and uncertain economic conditions. For fiscal 2017, the company anticipates revenue to be flat year over year. Adjusted earnings are expected within $1.20-$1.50 per share (previous range was $1.10-$1.40). In the last 30 days, Zacks Consensus Estimate for the stock has been revised downwards for fiscal 2017 but has moved north for fiscal 2018.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Kennametal Inc. (KMT) - free report >>

Published in