Q1 2018 EPS Estimates for KMG Chemicals, Inc. (KMG) Raised by Analyst
KMG Chemicals, Inc. (NYSE:KMG) – Analysts at Seaport Global Securities boosted their Q1 2018 EPS 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 specialty chemicals company will post earnings of $0.79 per share for the quarter, up from their previous forecast of $0.75. Seaport Global Securities also issued estimates for KMG Chemicals’ Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $3.09 EPS, Q1 2019 earnings at $0.84 EPS, Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.91 EPS, Q4 2019 earnings at $0.98 EPS and FY2019 earnings at $3.59 EPS.
Several other equities research analysts have also commented on KMG. Zacks Investment Research lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th.
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KMG Chemicals (KMG) opened at 55.14 on Monday. KMG Chemicals has a 1-year low of $26.33 and a 1-year high of $61.10. The stock has a market capitalization of $656.50 million, a P/E ratio of 28.72 and a beta of 0.62. The stock has a 50 day moving average of $53.02 and a 200 day moving average of $51.39.
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, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.16. The firm had revenue of $96.26 million for the quarter, compared to the consensus estimate of $96.00 million. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. KMG Chemicals’s quarterly revenue was up 27.8% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in KMG. Wells Fargo & Company MN lifted its holdings in KMG Chemicals by 2,650.2% in the 2nd quarter. Wells Fargo & Company MN now owns 295,319 shares of the specialty chemicals company’s stock valued at $14,373,000 after purchasing an additional 284,581 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in KMG Chemicals by 108.7% in the 2nd quarter. Acadian Asset Management LLC now owns 402,356 shares of the specialty chemicals company’s stock valued at $19,582,000 after purchasing an additional 209,577 shares in the last quarter. Numeric Investors LLC lifted its holdings in KMG Chemicals by 82.6% in the 2nd quarter. Numeric Investors LLC now owns 261,829 shares of the specialty chemicals company’s stock valued at $12,743,000 after purchasing an additional 118,440 shares in the last quarter. EAM Investors LLC purchased a new position in KMG Chemicals in the 2nd quarter valued at about $3,533,000. Finally, AJO LP purchased a new position in KMG Chemicals in the 2nd quarter valued at about $2,689,000. Institutional investors own 58.43% of the company’s stock.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 9,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $53.84, for a total value of $484,560.00. Following the transaction, the insider now directly owns 1,487,097 shares in the company, valued at approximately $80,065,302.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder David L. Hatcher sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $57.24, for a total transaction of $171,720.00. Following the completion of the transaction, the insider now owns 1,508,097 shares in the company, valued at $86,323,472.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 258,000 shares of company stock worth $13,117,350. 6.90% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Tuesday, October 10th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. KMG Chemicals’s dividend payout ratio (DPR) is 6.25%.
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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