KMG Chemicals (KMG) Receiving Somewhat Positive Media Coverage, Analysis Finds

Media stories about KMG Chemicals (NYSE:KMG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KMG Chemicals earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the specialty chemicals company an impact score of 46.4577272729039 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of KMG Chemicals (NYSE KMG) opened at $59.00 on Monday. The company has a market capitalization of $906.97, a price-to-earnings ratio of 30.89 and a beta of 0.35. KMG Chemicals has a 12-month low of $36.29 and a 12-month high of $68.13. 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 (NYSE:KMG) last released its quarterly earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The business had revenue of $110.70 million during the quarter, compared to analyst estimates 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 anticipate that KMG Chemicals will post 3.17 earnings per share for the current fiscal year.

A number of research firms recently commented on KMG. Zacks Investment Research lowered KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Goldman Sachs Group began coverage on KMG Chemicals in a research report on Monday, January 22nd. They issued a “neutral” rating and a $73.00 price target for the company. KeyCorp began coverage on KMG Chemicals in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 price target for the company. Finally, ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $71.00.

In other KMG Chemicals news, major shareholder David L. Hatcher sold 6,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.13, for a total value of $312,780.00. Following the completion of the transaction, the insider now owns 1,454,097 shares in the company, valued at approximately $75,802,076.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David L. Hatcher sold 15,000 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $66.37, for a total value of $995,550.00. Following the completion of the transaction, the insider now owns 1,301,097 shares of the company’s stock, valued at approximately $86,353,807.89. The disclosure for this sale can be found here. Insiders sold a total of 561,000 shares of company stock valued at $35,195,250 in the last 90 days. Corporate 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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