Kennametal Inc (NYSE: KMT) reported better-than-expected first-quarter monetary outcomes and raised its FY26 assistance above price quotes, after the closing bell on Wednesday.
Kennametal published changed incomes of 34 cents per share, beating market price quotes of 23 cents per share. The business’s sales was available in at $497.974 million versus expectations of $476.934 million.
” Our very first quarter started strong with share gains and modest end market enhancements compared to our previous expectations, leading to sales and changed EPS that went beyond the upper end of our outlook,” stated Sanjay Chowbey, President and CEO.
Kennametal shares increased 1.3% to trade at $26.40 on Friday.
These experts made modifications to their rate targets on Kennametal following incomes statement.
- Barclays expert Julian Mitchell preserved Kennametal with an Equal-Weight score and raised the rate target from $22 to $25.
- JP Morgan expert Tami Zakaria preserved the stock with an Underweight score and improved the rate target from $22 to $25.
Thinking about purchasing KMT stock? Here’s what experts believe:
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