Analysts Expect KMG Chemicals, Inc. (KMG) to Announce $0.47 Earnings Per Share
Shares of KMG Chemicals, Inc. (NYSE:KMG) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a 1 year consensus price target of $40.50 for the company and are forecasting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned KMG Chemicals an industry rank of 164 out of 265 based on the ratings given to its competitors.
KMG Chemicals (NYSE:KMG) traded up 1.57% during trading on Tuesday, hitting $43.89. The stock had a trading volume of 51,422 shares. The firm has a 50 day moving average price of $41.93 and a 200-day moving average price of $36.15. KMG Chemicals has a 1-year low of $20.85 and a 1-year high of $46.80. The firm has a market capitalization of $521.72 million, a PE ratio of 23.71 and a beta of 0.63.
KMG Chemicals (NYSE:KMG) last announced its quarterly earnings results on Monday, March 13th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.15. KMG Chemicals had a net margin of 6.66% and a return on equity of 14.25%. The business had revenue of $79.10 million for the quarter, compared to analysts’ expectations of $73.70 million. The company’s revenue was up 11.6% on a year-over-year basis. On average, equities research analysts expect that KMG Chemicals will post $2.03 EPS for the current year.
In related news, major shareholder David L. Hatcher sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $42.95, for a total value of $257,700.00. Following the transaction, the insider now owns 1,916,097 shares of the company’s stock, valued at approximately $82,296,366.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $43.15, for a total transaction of $129,450.00. Following the completion of the transaction, the insider now directly owns 1,910,097 shares in the company, valued at approximately $82,420,685.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,876 shares of company stock worth $3,889,721. 6.90% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in KMG Chemicals by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 539,465 shares of the specialty chemicals company’s stock valued at $20,980,000 after buying an additional 25,228 shares in the last quarter. Renaissance Technologies LLC boosted its position in KMG Chemicals by 14.4% in the fourth quarter. Renaissance Technologies LLC now owns 360,200 shares of the specialty chemicals company’s stock valued at $14,008,000 after buying an additional 45,300 shares in the last quarter. Brown Advisory Inc. boosted its position in KMG Chemicals by 3.6% in the fourth quarter. Brown Advisory Inc. now owns 346,970 shares of the specialty chemicals company’s stock valued at $13,495,000 after buying an additional 11,907 shares in the last quarter. State Street Corp boosted its position in KMG Chemicals by 3.0% in the fourth quarter. State Street Corp now owns 139,844 shares of the specialty chemicals company’s stock valued at $5,439,000 after buying an additional 4,038 shares in the last quarter. Finally, Numeric Investors LLC purchased a new position in KMG Chemicals during the fourth quarter valued at approximately $4,689,000. 68.39% of the stock is currently owned by institutional investors and hedge funds.
About KMG Chemicals
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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