KMG Chemicals Inc. (KMG) to Release Quarterly Earnings on Thursday
KMG Chemicals Inc. (NYSE:KMG) is scheduled to issue its Q416 quarterly earnings data on Thursday, October 13th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $77.10 million for the quarter.
KMG Chemicals Inc. (NYSE:KMG) opened at 27.41 on Wednesday. The company has a market cap of $321.66 million, a price-to-earnings ratio of 17.90 and a beta of 0.67. KMG Chemicals Inc. has a 1-year low of $18.87 and a 1-year high of $29.45. The stock has a 50 day moving average price of $27.85 and a 200-day moving average price of $25.53.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 11th will be paid a $0.03 dividend. The ex-dividend date is Thursday, October 6th. This represents a $0.12 dividend on an annualized basis and a yield of 0.44%. KMG Chemicals’s dividend payout ratio (DPR) is 7.84%.
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Separately, Zacks Investment Research lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th.
A number of institutional investors have recently modified their holdings of KMG. Dimensional Fund Advisors LP raised its position in KMG Chemicals by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 490,629 shares of the company’s stock worth $12,751,000 after buying an additional 25,325 shares during the last quarter. BlackRock Advisors LLC raised its position in KMG Chemicals by 1.3% in the second quarter. BlackRock Advisors LLC now owns 4,789 shares of the company’s stock worth $124,000 after buying an additional 61 shares during the last quarter. BlackRock Investment Management LLC raised its position in KMG Chemicals by 8.6% in the second quarter. BlackRock Investment Management LLC now owns 38,061 shares of the company’s stock worth $989,000 after buying an additional 3,023 shares during the last quarter. TFS Capital LLC bought a new position in KMG Chemicals during the second quarter worth $1,495,000. Finally, Rhumbline Advisers raised its position in KMG Chemicals by 3.2% in the second quarter. Rhumbline Advisers now owns 12,744 shares of the company’s stock worth $331,000 after buying an additional 392 shares during the last quarter. Institutional investors own 68.91% 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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