KMG Chemicals, Inc. (NYSE:KMG) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $71.50.
Several analysts recently weighed in on KMG shares. ValuEngine upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. KeyCorp reiterated 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. Zacks Investment Research upgraded 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. Finally, Goldman Sachs Group started coverage on shares of KMG Chemicals in a research report on Monday, January 22nd. They issued a “neutral” rating and a $73.00 price objective on the stock.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 9,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $66.85, for a total transaction of $601,650.00. Following the sale, the insider now directly owns 1,376,097 shares in the company, valued at approximately $91,992,084.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David L. Hatcher sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $64.65, for a total transaction of $193,950.00. Following the sale, the insider now owns 1,391,097 shares in the company, valued at $89,934,421.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 612,000 shares of company stock worth $38,473,290. 6.10% of the stock is currently owned by insiders.
KMG Chemicals (KMG) opened at $69.46 on Tuesday. The company has a market cap of $1,076.68, a PE ratio of 23.39 and a beta of 0.37. KMG Chemicals has a fifty-two week low of $37.29 and a fifty-two week high of $70.60. 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 issued its quarterly earnings data on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.32. The firm had revenue of $113.90 million for the quarter, compared to the consensus estimate of $112.57 million. KMG Chemicals had a net margin of 10.59% and a return on equity of 18.32%. KMG Chemicals’s quarterly revenue was up 44.0% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. analysts anticipate that KMG Chemicals will post 3.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 12th will be given a $0.03 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.12 annualized dividend and a yield of 0.17%. KMG Chemicals’s dividend payout ratio is presently 4.04%.
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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