KMG Chemicals, Inc. (NYSE:KMG) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $70.00.
KMG has been the topic of several research reports. Goldman Sachs Group initiated coverage on shares of KMG Chemicals in a research report on Monday. They issued a “neutral” rating on the stock. Zacks Investment Research raised shares of KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective on the stock in a research report on Thursday, December 14th. KeyCorp reaffirmed a “buy” rating and issued a $70.00 price objective (up from $63.00) on shares of KMG Chemicals in a research report on Wednesday, December 13th. Finally, ValuEngine cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 6,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $51.25, for a total transaction of $307,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder David L. Hatcher sold 45,000 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $66.12, for a total transaction of $2,975,400.00. Following the sale, the insider now directly owns 1,358,097 shares in the company, valued at $89,797,373.64. The disclosure for this sale can be found here. Insiders sold a total of 420,000 shares of company stock worth $26,217,780 over the last ninety days. 6.10% of the stock is currently owned by insiders.
KMG Chemicals (KMG) opened at $64.16 on Monday. KMG Chemicals has a fifty-two week low of $36.29 and a fifty-two week high of $68.13. The stock has a market cap of $986.29, a price-to-earnings ratio of 33.59 and a beta of 0.53. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.87 and a quick ratio of 1.92.
KMG Chemicals (NYSE:KMG) last announced its quarterly earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. KMG Chemicals had a net margin of 6.46% and a return on equity of 15.41%. The company had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.60 million. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. sell-side analysts expect that KMG Chemicals will post 3.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were given a $0.03 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.12 annualized dividend and a yield of 0.19%. KMG Chemicals’s dividend payout ratio is currently 6.28%.
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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