KMG Chemicals (NYSE:KMG) released its quarterly earnings data on Monday. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20, Bloomberg Earnings reports. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The business had revenue of $110.70 million for the quarter, compared to analyst estimates of $106.60 million. The business’s revenue was up 44.7% compared to the same quarter last year.

KMG Chemicals (NYSE:KMG) opened at $55.19 on Tuesday. The firm has a market cap of $839.99, a price-to-earnings ratio of 24.25 and a beta of 0.55. KMG Chemicals has a fifty-two week low of $32.05 and a fifty-two week high of $61.10. 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. KMG Chemicals’s payout ratio is 6.25%.

A number of research analysts have weighed in on KMG shares. ValuEngine lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, KeyCorp started coverage on shares of KMG Chemicals in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. KMG Chemicals presently has a consensus rating of “Hold” and an average price target of $50.00.

In other news, major shareholder David L. Hatcher sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $48.69, for a total value of $146,070.00. Following the completion of the sale, the insider now owns 1,577,097 shares of the company’s stock, valued at $76,788,852.93. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David L. Hatcher sold 9,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $49.45, for a total transaction of $445,050.00. Following the completion of the sale, the insider now directly owns 1,568,097 shares of the company’s stock, valued at approximately $77,542,396.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,000 shares of company stock worth $11,662,020. 6.10% of the stock is owned by corporate insiders.

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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.

Earnings History for KMG Chemicals (NYSE:KMG)

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