News headlines about KMG Chemicals (NYSE:KMG) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KMG Chemicals earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the specialty chemicals company an impact score of 46.023935550455 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of KMG Chemicals from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Wednesday, March 14th. ValuEngine lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Goldman Sachs assumed coverage on shares of KMG Chemicals in a research report on Monday, January 22nd. They set a “neutral” rating and a $73.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. KMG Chemicals currently has a consensus rating of “Hold” and a consensus target price of $73.67.
NYSE:KMG opened at $66.12 on Friday. KMG Chemicals has a 52-week low of $44.39 and a 52-week high of $70.60. The company has a current ratio of 2.95, a quick ratio of 1.89 and a debt-to-equity ratio of 0.88. The stock has a market cap of $1,013.34, a PE ratio of 29.13 and a beta of 0.40.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings data on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.32. KMG Chemicals had a net margin of 10.59% and a return on equity of 15.69%. The company had revenue of $113.90 million for the quarter, compared to the consensus estimate of $112.57 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue was up 44.0% compared to the same quarter last year. research analysts expect that KMG Chemicals will post 3.54 earnings per share for the current year.
In other news, major shareholder David L. Hatcher sold 15,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.41, for a total transaction of $936,150.00. Following the transaction, the insider now owns 1,091,097 shares in the company, valued at approximately $68,095,363.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder David L. Hatcher sold 30,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $62.96, for a total transaction of $1,888,800.00. Following the transaction, the insider now owns 1,046,097 shares in the company, valued at approximately $65,862,267.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 300,000 shares of company stock worth $18,064,800. Insiders own 6.10% of the company’s stock.
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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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