News stories about KMG Chemicals (NYSE:KMG) have been trending positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. KMG Chemicals earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 46.7659563115116 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several equities research analysts recently commented on KMG shares. Goldman Sachs Group started coverage on KMG Chemicals in a report on Monday, January 22nd. They issued a “neutral” rating and a $73.00 price objective for the company. KeyCorp started coverage on KMG Chemicals in a report on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 price objective for the company. ValuEngine upgraded KMG Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $71.00.
Shares of KMG Chemicals (NYSE:KMG) traded down $0.28 during trading hours on Wednesday, reaching $60.39. The company’s stock had a trading volume of 2,779 shares, compared to its average volume of 123,669. The stock has a market capitalization of $917.88, a PE ratio of 31.70 and a beta of 0.37. 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 has a fifty-two week low of $36.66 and a fifty-two week high of $68.13.
KMG Chemicals (NYSE:KMG) last announced its earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The business had revenue of $110.70 million for the quarter, compared to analysts’ expectations of $106.60 million. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. KMG Chemicals’s revenue was up 44.7% compared to the same quarter last year. equities analysts forecast that KMG Chemicals will post 3.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders 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 0.20%. KMG Chemicals’s payout ratio is 6.28%.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 6,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $53.93, for a total value of $323,580.00. Following the transaction, the insider now directly owns 1,397,097 shares of the company’s stock, valued at $75,345,441.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $55.51, for a total value of $166,530.00. Following the completion of the transaction, the insider now directly owns 1,391,097 shares in the company, valued at $77,219,794.47. The disclosure for this sale can be found here. Insiders sold 621,000 shares of company stock worth $38,963,400 over the last three months. Insiders own 6.10% of the company’s stock.
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.