KMG Chemicals (KMG) Posts Earnings Results

KMG Chemicals (NYSE:KMG) posted its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.20, Bloomberg Earnings reports. The company had revenue of $110.70 million for the quarter, compared to analysts’ expectations of $106.60 million. KMG Chemicals had a net margin of 6.46% and a return on equity of 15.41%. KMG Chemicals’s revenue for the quarter was up 44.7% on a year-over-year basis.

Shares of KMG Chemicals (KMG) opened at $66.38 on Wednesday. The firm has a market capitalization of $1,009.81, a P/E ratio of 34.75 and a beta of 0.55. KMG Chemicals has a 52 week low of $36.29 and a 52 week high of $68.13. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Thursday, December 21st. KMG Chemicals’s dividend payout ratio (DPR) is presently 6.28%.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a research report on Thursday, December 14th. KeyCorp reiterated a “buy” rating and set a $70.00 price target (up from $63.00) on shares of KMG Chemicals in a research report on Wednesday, December 13th. Finally, ValuEngine cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $70.00.

In related news, major shareholder David L. Hatcher sold 9,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $54.81, for a total value of $493,290.00. Following the completion of the sale, the insider now owns 1,541,097 shares of the company’s stock, valued at $84,467,526.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David L. Hatcher sold 12,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $54.83, for a total value of $657,960.00. Following the completion of the sale, the insider now directly owns 1,499,097 shares of the company’s stock, valued at approximately $82,195,488.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,000 shares of company stock valued at $11,663,190. Insiders own 6.10% 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.

Earnings History for KMG Chemicals (NYSE:KMG)

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