Kennametal Analysts Boost Their Forecasts After Better-Than-Expected Q1 Results - Kennametal (NYSE:KMT)

Core Insights - Kennametal Inc. reported better-than-expected first-quarter financial results, with adjusted earnings of 34 cents per share, surpassing market estimates of 23 cents per share [1] - The company's sales reached $497.974 million, exceeding expectations of $476.934 million [1] - Following the earnings announcement, Kennametal raised its FY26 guidance above estimates [1] Financial Performance - Adjusted earnings per share (EPS) for the first quarter were 34 cents, beating the expected 23 cents [1] - Sales for the quarter were $497.974 million, compared to the anticipated $476.934 million [1] Market Reaction - Following the earnings report, Kennametal shares increased by 1.3%, trading at $26.40 [2] - Analysts adjusted their price targets for Kennametal after the earnings announcement [2] Analyst Ratings - Barclays analyst Julian Mitchell maintained an Equal-Weight rating on Kennametal and raised the price target from $22 to $25 [4] - JP Morgan analyst Tami Zakaria maintained an Underweight rating while also increasing the price target from $22 to $25 [4]