KMG Chemicals, Inc. (NYSE:KMG) has earned an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $55.67 for the company and are expecting that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also assigned KMG Chemicals an industry rank of 113 out of 265 based on the ratings given to related companies.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut KMG Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub cut KMG Chemicals from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. KeyCorp assumed coverage on KMG Chemicals in a report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 price objective on the stock. Finally, ValuEngine cut KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Shares of KMG Chemicals (NYSE:KMG) traded up $1.49 during mid-day trading on Friday, reaching $55.05. The company had a trading volume of 224,466 shares, compared to its average volume of 137,546. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.64 and a current ratio of 2.52. The firm has a market capitalization of $845.90, a price-to-earnings ratio of 24.25 and a beta of 0.55. KMG Chemicals has a 1 year low of $32.05 and a 1 year high of $61.10.
KMG Chemicals (NYSE:KMG) last issued its earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.16. KMG Chemicals had a return on equity of 17.45% and a net margin of 7.09%. The firm had revenue of $96.26 million for the quarter, compared to analysts’ expectations of $96.00 million. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. analysts expect that KMG Chemicals will post 2.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Thursday, December 21st. KMG Chemicals’s dividend payout ratio (DPR) is 6.25%.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $48.69, for a total transaction of $146,070.00. Following the transaction, the insider now owns 1,577,097 shares of the company’s stock, valued at approximately $76,788,852.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David L. Hatcher sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $53.93, for a total value of $323,580.00. Following the transaction, the insider now directly owns 1,397,097 shares in the company, valued at $75,345,441.21. The disclosure for this sale can be found here. Insiders have sold a total of 228,000 shares of company stock worth $12,096,450 in the last ninety days. Insiders own 6.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMG. Vanguard Group Inc. boosted its stake in KMG Chemicals by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 341,457 shares of the specialty chemicals company’s stock valued at $15,731,000 after purchasing an additional 19,856 shares during the period. Geode Capital Management LLC lifted its position in shares of KMG Chemicals by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 74,167 shares of the specialty chemicals company’s stock valued at $3,415,000 after acquiring an additional 1,878 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of KMG Chemicals by 10.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,791 shares of the specialty chemicals company’s stock valued at $497,000 after acquiring an additional 1,022 shares during the period. Creative Planning bought a new stake in shares of KMG Chemicals during the 2nd quarter valued at $105,000. Finally, Russell Investments Group Ltd. lifted its position in shares of KMG Chemicals by 894.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 34,609 shares of the specialty chemicals company’s stock valued at $1,685,000 after acquiring an additional 31,128 shares during the period. Institutional investors and hedge funds own 56.20% of the company’s stock.
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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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