KMG Chemicals, Inc. (NYSE:KMG) will be posting its quarterly earnings results before the market opens on Wednesday, October 11th. Analysts expect KMG Chemicals to post earnings of $0.53 per share for the quarter.
Shares of KMG Chemicals, Inc. (NYSE:KMG) opened at 53.79 on Tuesday. KMG Chemicals, Inc. has a 12 month low of $26.33 and a 12 month high of $61.10. The stock has a market capitalization of $639.51 million, a PE ratio of 29.51 and a beta of 0.62. The company has a 50-day moving average of $50.38 and a 200-day moving average of $50.40.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. KMG Chemicals’s dividend payout ratio (DPR) is 6.67%.
A number of research analysts have commented on the stock. BidaskClub downgraded shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 9,000 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $54.81, for a total transaction of $493,290.00. Following the transaction, the insider now directly owns 1,541,097 shares in the company, valued at approximately $84,467,526.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David L. Hatcher sold 6,000 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $50.79, for a total transaction of $304,740.00. Following the transaction, the insider now owns 1,706,097 shares in the company, valued at $86,652,666.63. The disclosure for this sale can be found here. Insiders have sold a total of 261,000 shares of company stock worth $13,035,120 over the last quarter. 6.90% of the stock is currently owned by insiders.
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KMG Chemicals Company Profile
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.
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