Earnings Preview: Kennametal

Published on Wednesday, 25 January 2012 11:56 Written by Christian Paolinetti

New York, January 25th (TradersHuddle.com) - Shares of Kennametal Inc. (NYSE:KMT) are trading higher by +0.02% ahead of its quarterly earnings release. Kennametal, the global provider of metalworking solutions is expected to release its quarterly results on January 26^th.

Wall Street Analysts consensus calls for a profit of $0.79 a share on $641.88 million revenue.

Kennametal estimates have a range of $0.24 a share. The high estimate calls for profit of $0.92 a share and the low estimate is calling for a profit of $0.68 a share, a year ago for the quarter the company reported $0.57 a share.

Kennametal Inc. (NYSE:KMT) manufactures and distributes tools, tooling systems, and solutions to the metalworking, mining, oil, and energy industries. The Company also manufactures and distributes wear-resistant parts for a wide range of industries.