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Stock Market & Financial Investment News

News Breaks
May 2, 2014
05:36 EDTKMTKennametal upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Kennametal to Outperform citing valuation and its belief guidance cuts are done for the "foreseeable future." Wells raised its price target range for shares to $56-$59 from $45-$48.
News For KMT From The Last 14 Days
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July 30, 2015
08:11 EDTKMTKennametal board increases quarterly dividend by 11%
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08:10 EDTKMTKennametal sees FY16 EPS $1.70-$2.00, consensus $2.00
The FY16 EPS guidance includes foreign currency headwinds of 30c-35c due to continued strength of the U.S. dollar. Sees FY16 organic sales to decline 1%-3%. Sees FY16 revenue down 7%-9%, consensus $2.63B. Sees restructuring benefits to range from $80M-$90M in 2016. Sees FY16 to generate cash flow from operating activities $275M-$310M. Sees FY16 CapEx $160M-$175M. Sees FY16 free operating cash flow $115M-$135M.
08:08 EDTKMTKennametal: Restructuring programs to produce ongoing savings of $115M-$135M
The previously announced restructuring programs are expected to produce combined annual ongoing pre-tax permanent savings of $115M-$135M. In total, pre-tax charges for these initiatives are expected to be approximately $185M-$205M.
08:07 EDTKMTKennametal reports Q4 Industrial segment sales down 14% to $358M
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08:07 EDTKMTKennametal reports Q4 organic sales down 10%
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08:06 EDTKMTKennametal reports Q4 adjusted EPS 46c, consensus 44c
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