Research Analysts Issue Forecasts for KMG Chemicals Inc.’s Q2 2017 Earnings (KMG)
KMG Chemicals Inc. (NYSE:KMG) – Analysts at Seaport Global Securities lowered their Q2 2017 earnings per share estimates for shares of KMG Chemicals in a research report issued to clients and investors on Friday. Seaport Global Securities analyst M. Harrison now forecasts that the firm will post earnings per share of $0.39 for the quarter, down from their previous estimate of $0.40. Seaport Global Securities also issued estimates for KMG Chemicals’ Q4 2017 earnings at $0.45 EPS, FY2017 earnings at $1.74 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.51 EPS and FY2018 earnings at $1.98 EPS.
Separately, Zacks Investment Research upgraded shares of KMG Chemicals from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th.
KMG Chemicals (NYSE:KMG) opened at 29.20 on Monday. The firm’s 50-day moving average is $27.84 and its 200-day moving average is $25.60. KMG Chemicals has a 52-week low of $18.87 and a 52-week high of $30.14. The stock has a market capitalization of $342.66 million, a price-to-earnings ratio of 19.07 and a beta of 0.67.
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KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Thursday, October 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. KMG Chemicals had a return on equity of 14.40% and a net margin of 6.27%. The business had revenue of $75.30 million for the quarter.
Several hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC raised its stake in KMG Chemicals by 150.2% in the third quarter. Algert Global LLC now owns 121,946 shares of the company’s stock worth $3,455,000 after buying an additional 73,205 shares during the last quarter. American Century Companies Inc. raised its stake in KMG Chemicals by 109.6% in the second quarter. American Century Companies Inc. now owns 20,580 shares of the company’s stock worth $535,000 after buying an additional 10,760 shares during the last quarter. Panagora Asset Management Inc. raised its stake in KMG Chemicals by 804.0% in the second quarter. Panagora Asset Management Inc. now owns 14,853 shares of the company’s stock worth $386,000 after buying an additional 13,210 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in KMG Chemicals during the second quarter worth $202,000. Finally, Menta Capital LLC raised its stake in KMG Chemicals by 19.7% in the second quarter. Menta Capital LLC now owns 30,273 shares of the company’s stock worth $787,000 after buying an additional 4,982 shares during the last quarter. Hedge funds and other institutional investors own 68.92% of the company’s stock.
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 dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.41%. KMG Chemicals’s payout ratio is 7.69%.
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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