KMG Chemicals (KMG) Scheduled to Post Earnings on Monday
KMG Chemicals (NYSE:KMG) is set to issue its quarterly earnings data after the market closes on Monday, March 12th. Analysts expect the company to announce earnings of $0.71 per share for the quarter.
KMG Chemicals (NYSE:KMG) last announced its earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. The business had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.60 million. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The firm’s revenue was up 44.7% on a year-over-year basis. On average, analysts expect KMG Chemicals to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of KMG Chemicals (KMG) opened at $59.46 on Monday. The company has a market capitalization of $914.02, a PE ratio of 22.69 and a beta of 0.37. The company has a current ratio of 2.87, a quick ratio of 1.92 and a debt-to-equity ratio of 0.99. KMG Chemicals has a twelve month low of $36.66 and a twelve month high of $68.13.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 9,000 shares of KMG Chemicals stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $53.44, for a total transaction of $480,960.00. Following the sale, the insider now directly owns 1,406,097 shares in the company, valued at approximately $75,141,823.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David L. Hatcher sold 45,000 shares of KMG Chemicals stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $66.12, for a total value of $2,975,400.00. Following the sale, the insider now owns 1,358,097 shares in the company, valued at $89,797,373.64. The disclosure for this sale can be found here. Insiders have sold a total of 630,000 shares of company stock worth $39,444,360 over the last 90 days. 6.10% of the stock is owned by company insiders.
KMG has been the topic of several analyst reports. KeyCorp began coverage on KMG Chemicals in a report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 target price on the stock. ValuEngine downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective on the stock in a report on Thursday, December 14th. Finally, Goldman Sachs Group began coverage on KMG Chemicals in a report on Monday, January 22nd. They set a “neutral” rating and a $73.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. KMG Chemicals presently has a consensus rating of “Hold” and an average price target of $71.00.
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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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