KMG Chemicals (KMG) Announces Quarterly Earnings Results
KMG Chemicals (NYSE:KMG) released its earnings data on Friday. The company reported $0.20 earnings per share (EPS) for the quarter, AnalystRatings.NET reports. The company had revenue of $84.44 million for the quarter, compared to the consensus estimate of $59.93 million.
A number of research firms have recently commented on KMG. Analysts at Zacks upgraded shares of KMG Chemicals from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $15.90 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of KMG Chemicals in a research note on Monday, March 17th. They set a “buy” rating on the stock.
Shares of KMG Chemicals (NYSE:KMG) opened at 16.40 on Friday. KMG Chemicals has a 1-year low of $14.47 and a 1-year high of $24.17. The stock has a 50-day moving average of $15.84 and a 200-day moving average of $16.16. The company has a market cap of $190.6 million and a price-to-earnings ratio of 82.67.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, June 4th.
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company has acquired and operates businesses selling electronic chemicals and industrial wood treating chemicals.
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