Press coverage about KMG Chemicals (NYSE:KMG) has been trending somewhat positive on Monday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KMG Chemicals earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 45.2740059884572 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
A number of equities research analysts have issued reports on KMG shares. Goldman Sachs 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 for the company. ValuEngine raised shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.67.
Shares of KMG stock opened at $64.15 on Monday. KMG Chemicals has a 52-week low of $42.31 and a 52-week high of $70.60. The company has a quick ratio of 1.89, a current ratio of 2.95 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $986.14, a price-to-earnings ratio of 28.26 and a beta of 0.40.
KMG Chemicals (NYSE:KMG) last issued its quarterly earnings data on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.32. KMG Chemicals had a net margin of 10.59% and a return on equity of 15.69%. The business had revenue of $113.90 million during the quarter, compared to the consensus estimate of $112.57 million. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 44.0% compared to the same quarter last year. equities analysts expect that KMG Chemicals will post 3.54 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, March 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Friday, March 9th. KMG Chemicals’s dividend payout ratio is currently 5.29%.
In other news, major shareholder David L. Hatcher sold 45,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $62.05, for a total transaction of $2,792,250.00. Following the completion of the transaction, the insider now directly owns 1,091,097 shares of the company’s stock, valued at approximately $67,702,568.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David L. Hatcher sold 30,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $64.84, for a total transaction of $1,945,200.00. Following the transaction, the insider now directly owns 1,151,097 shares of the company’s stock, valued at $74,637,129.48. The disclosure for this sale can be found here. Insiders have sold a total of 345,000 shares of company stock valued at $20,976,300 over the last three months. Insiders own 6.10% of the company’s stock.
TRADEMARK VIOLATION WARNING: “KMG Chemicals (KMG) Given Daily Media Impact Rating of 0.12” was originally published by Macon Daily and is the property of of Macon Daily. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://macondaily.com/2018/04/16/kmg-chemicals-kmg-given-daily-media-impact-rating-of-0-12.html.
KMG Chemicals Company Profile
KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company's Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.
Receive News & Ratings for KMG Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KMG Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.