Media headlines about KMG Chemicals (NYSE:KMG) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. KMG Chemicals earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 45.4517998132412 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
NYSE:KMG traded up $0.05 during midday trading on Wednesday, reaching $66.70. 4,257 shares of the stock traded hands, compared to its average volume of 134,366. The company has a quick ratio of 1.89, a current ratio of 2.95 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1,036.71, a P/E ratio of 29.36 and a beta of 0.40. KMG Chemicals has a 12 month low of $43.15 and a 12 month high of $70.60.
KMG Chemicals (NYSE:KMG) last issued its quarterly earnings data on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.32. The business had revenue of $113.90 million for the quarter, compared to the consensus estimate of $112.57 million. KMG Chemicals had a net margin of 10.59% and a return on equity of 15.69%. The company’s quarterly revenue was up 44.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. analysts anticipate that KMG Chemicals will post 3.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, March 12th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Friday, March 9th. KMG Chemicals’s dividend payout ratio is presently 5.29%.
Several analysts have commented on KMG shares. Goldman Sachs started coverage on shares of KMG Chemicals in a research report on Monday, January 22nd. They issued a “neutral” rating and a $73.00 price objective on the stock. ValuEngine raised shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. KMG Chemicals presently has an average rating of “Hold” and an average price target of $73.67.
In related news, major shareholder David L. Hatcher sold 15,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $64.42, for a total transaction of $966,300.00. Following the sale, the insider now directly owns 1,121,097 shares of the company’s stock, valued at approximately $72,221,068.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David L. Hatcher sold 45,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $57.74, for a total transaction of $2,598,300.00. Following the sale, the insider now directly owns 896,097 shares in the company, valued at $51,740,640.78. The disclosure for this sale can be found here. Insiders have sold a total of 315,000 shares of company stock worth $19,031,100 over the last three months. 6.10% of the stock is currently owned by insiders.
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About KMG Chemicals
KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company's Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.
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