Media headlines about KMG Chemicals (NYSE:KMG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KMG Chemicals earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 46.9080653020027 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research analysts have weighed in on KMG shares. Goldman Sachs Group started coverage on KMG Chemicals in a research report on Monday, January 22nd. They set a “neutral” rating and a $73.00 price objective on the stock. KeyCorp initiated coverage on KMG Chemicals in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 price objective on the stock. Zacks Investment Research raised KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective on the stock in a research note on Thursday, December 14th. Finally, ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. KMG Chemicals has a consensus rating of “Hold” and an average target price of $71.00.
KMG Chemicals (NYSE KMG) traded down $0.71 during trading on Friday, hitting $59.00. The company had a trading volume of 187,989 shares, compared to its average volume of 150,539. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.87. The firm has a market capitalization of $933.87 and a price-to-earnings ratio of 30.89. KMG Chemicals has a one year low of $36.29 and a one year high of $68.13.
KMG Chemicals (NYSE:KMG) last issued its earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.20. The business had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.60 million. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. KMG Chemicals’s revenue was up 44.7% on a year-over-year basis. analysts predict that KMG Chemicals will post 3.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 22nd were issued a $0.03 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. KMG Chemicals’s payout ratio is currently 6.28%.
In other news, major shareholder David L. Hatcher sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $53.56, for a total transaction of $160,680.00. Following the completion of the sale, the insider now owns 1,463,097 shares in the company, valued at $78,363,475.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder David L. Hatcher sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $52.39, for a total value of $471,510.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 564,000 shares of company stock valued at $35,355,930. 6.10% of the stock is currently owned by corporate insiders.
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About KMG Chemicals
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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