Kennametal (NYSE:KMT) Has Some Difficulty Using Its Capital Effectively [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
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Source: Yahoo! Finance
A business that's potentially in decline often shows two trends, a return on capital employed (ROCE) that's declining, and a base of capital employed that's also declining. This combination can tell you that not only is the company investing less, it's earning less on what it does invest. And from a first read, things don't look too good at Kennametal NYSE:KMT ), so let's see why. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Kennametal, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.091 = US$194m ÷ (US$2.5b - US$414m) (Based on the trailing twelve months to December 2023) So, Kennametal has an ROCE of 9.1%. In absolute terms, that's a low return and it also under-performs the Machinery industry average of 13%. See our lat
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KMT
News
- Kennametal Inc. (NYSE: KMT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Kennametal Inc. (NYSE:KMT) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kennametal (KMT) Q3 Earnings Miss Estimates, Revenues Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- Kennametal Inc. (NYSE: KMT) had its price target raised by analysts at Barclays PLC from $24.00 to $25.00. They now have an "equal weight" rating on the stock.MarketBeat
- Kennametal (NYSE:KMT) Is Due To Pay A Dividend Of $0.20 [Yahoo! Finance]Yahoo! Finance
KMT
Earnings
- 5/8/24 - Miss
KMT
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/10/24 - Form 10-Q
- KMT's page on the SEC website