Headlines about KMG Chemicals (NYSE:KMG) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. KMG Chemicals earned a news impact score of 0.03 on Accern’s scale. Accern also gave news headlines about the specialty chemicals company an impact score of 47.1948755968149 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- FY2018 Earnings Forecast for KMG Chemicals, Inc. (KMG) Issued By Gabelli (americanbankingnews.com)
- FY2021 EPS Estimates for KMG Chemicals, Inc. Lifted by Analyst (KMG) (americanbankingnews.com)
- KMG Chemicals, Inc. (KMG) Forecasted to Earn Q1 2018 Earnings of $0.63 Per Share (americanbankingnews.com)
- ETFs with exposure to KMG Chemicals, Inc. : November 7, 2017 (finance.yahoo.com)
- KMG Chemicals, Inc. (KMG) to Post Q2 2018 Earnings of $0.67 Per Share, Seaport Global Securities Forecasts (americanbankingnews.com)
Shares of KMG Chemicals (NYSE:KMG) traded up $0.36 during mid-day trading on Friday, reaching $52.95. The company had a trading volume of 303,500 shares, compared to its average volume of 99,161. The company has a current ratio of 2.52, a quick ratio of 1.64 and a debt-to-equity ratio of 3.01. The stock has a market cap of $808.08, a P/E ratio of 23.17 and a beta of 0.56. KMG Chemicals has a 1 year low of $29.13 and a 1 year high of $61.10.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.16. The business had revenue of $96.26 million for the quarter, compared to the consensus estimate of $96.00 million. KMG Chemicals had a return on equity of 17.45% and a net margin of 7.09%. The business’s revenue was up 27.8% on a year-over-year basis. sell-side analysts predict that KMG Chemicals will post 2.77 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Tuesday, October 10th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $0.12 annualized dividend and a yield of 0.23%. KMG Chemicals’s payout ratio is presently 6.25%.
Several research analysts recently weighed in on KMG shares. Zacks Investment Research downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
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In other KMG Chemicals news, major shareholder David L. Hatcher sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.71, for a total transaction of $143,130.00. Following the sale, the insider now owns 1,631,097 shares in the company, valued at approximately $77,819,637.87. The transaction was disclosed in a document filed with the SEC, 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 dated Friday, August 18th. The shares were sold at an average price of $47.62, for a total value of $285,720.00. Following the sale, the insider now owns 1,631,097 shares in the company, valued at approximately $77,672,839.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 234,000 shares of company stock worth $12,037,500. Company insiders own 6.90% of the company’s stock.
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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