KMG Chemicals (KMG) Earning Somewhat Positive News Coverage, Study Finds

Media coverage about KMG Chemicals (NYSE:KMG) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KMG Chemicals earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the specialty chemicals company an impact score of 46.2962318152897 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of KMG Chemicals (KMG) opened at $59.77 on Thursday. KMG Chemicals has a 12-month low of $36.41 and a 12-month high of $68.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.87 and a quick ratio of 1.92. The company has a market cap of $897.44, a PE ratio of 31.29 and a beta of 0.35.

KMG Chemicals (NYSE:KMG) last issued its quarterly earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.20. The company had revenue of $110.70 million during the quarter, compared to analyst estimates 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 was up 44.7% on a year-over-year basis. research analysts predict that KMG Chemicals will post 3.17 earnings per share for the current year.

Several research firms have recently commented on KMG. Goldman Sachs Group began coverage on shares of KMG Chemicals in a research report on Monday, January 22nd. They issued a “neutral” rating and a $73.00 target price for the company. KeyCorp reaffirmed a “buy” rating and issued a $70.00 target price (up from $63.00) on shares of KMG Chemicals in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research report on Thursday, December 14th. Finally, ValuEngine cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. KMG Chemicals presently has a consensus rating of “Hold” and an average price target of $71.00.

In related news, major shareholder David L. Hatcher sold 6,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $51.25, for a total value of $307,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David L. Hatcher sold 3,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $54.34, for a total transaction of $163,020.00. Following the completion of the transaction, the insider now owns 1,433,097 shares of the company’s stock, valued at $77,874,490.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 663,000 shares of company stock valued at $41,214,090. 6.10% of the stock is owned by company 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.

Insider Buying and Selling by Quarter for KMG Chemicals (NYSE:KMG)

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