KMG Chemicals (KMG) Earns News Sentiment Score of 0.12

Headlines about KMG Chemicals (NYSE:KMG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog 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 gave media headlines about the specialty chemicals company an impact score of 46.9128784348154 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s analysis:

KMG has been the topic of a number of recent research reports. Zacks Investment Research cut KMG Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. KeyCorp initiated coverage on KMG Chemicals in a report on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 target price on the stock. Finally, ValuEngine cut KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.00.

KMG Chemicals (NYSE KMG) opened at $66.08 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.87. KMG Chemicals has a 52 week low of $36.29 and a 52 week high of $68.13. The firm has a market capitalization of $1,015.78, a price-to-earnings ratio of 34.60 and a beta of 0.55.

KMG Chemicals (NYSE:KMG) last issued its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The business had revenue of $110.70 million for the quarter, compared to analysts’ expectations of $106.60 million. KMG Chemicals’s revenue for the quarter was up 44.7% on a year-over-year basis. equities research analysts anticipate that KMG Chemicals will post 3.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.18%. The ex-dividend date is Thursday, December 21st. KMG Chemicals’s dividend payout ratio (DPR) is presently 6.28%.

In other KMG Chemicals news, major shareholder David L. Hatcher sold 9,000 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $53.83, for a total transaction of $484,470.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $53.53, for a total value of $160,590.00. Following the transaction, the insider now owns 1,532,097 shares in the company, valued at $82,013,152.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,000 shares of company stock worth $15,154,950. Company insiders own 6.10% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for KMG Chemicals (NYSE:KMG)

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