These Return Metrics Don't Make Kennametal (NYSE:KMT) Look Too Strong [Yahoo! Finance]
Kennametal Inc. (KMT)
Last kennametal inc. earnings: 2/3 04:01 pm
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US:NYSE Investor Relations:
kennametal.gcs-web.com/investor-overview
Company Research
Source: Yahoo! Finance
Businesses in decline often have two underlying trends, firstly, a declining return on capital employed (ROCE) and a declining base of capital employed. This indicates the company is producing less profit from its investments and its total assets are decreasing. So after glancing at the trends within Kennametal NYSE:KMT ), we weren't too hopeful. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Kennametal: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.089 = US$186m ÷ (US$2.5b - US$416m) (Based on the trailing twelve months to June 2024) So, Kennametal has an ROCE of 8.9%. Ultimately, that's a low return and it under-performs the Machinery industry average of 13%. See our latest analysis for Kennametal In the above chart we have measured Kennametal's prior ROCE agains
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KMT
News
- Here's Why You Should Retain Kennametal Stock in Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Kennametal Inc. (NYSE: KMT) had its price target raised by analysts at Morgan Stanley from $24.50 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Kennametal Named Among Newsweek's America's Most Responsible Companies [Yahoo! Finance]Yahoo! Finance
- Kennametal Named Among Newsweek's America's Most Responsible CompaniesPR Newswire
- Why Is Kennametal (KMT) Down 5% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
KMT
Earnings
- 11/6/24 - Beat
KMT
Sec Filings
- 12/6/24 - Form 4
- 12/4/24 - Form 144
- 11/29/24 - Form 4
- KMT's page on the SEC website