Positive Media Coverage Somewhat Unlikely to Impact KMG Chemicals (KMG) Share Price

Press coverage about KMG Chemicals (NYSE:KMG) has trended positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. KMG Chemicals earned a news sentiment 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 press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of research firms recently weighed in on KMG. ValuEngine cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. KeyCorp reaffirmed a “buy” rating and issued a $70.00 price objective (up previously from $63.00) on shares of KMG Chemicals in a report on Wednesday, December 13th. Finally, Goldman Sachs began coverage on shares of KMG Chemicals in a report on Monday, January 22nd. They issued a “neutral” rating and a $73.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.67.

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NYSE:KMG traded up $0.03 on Thursday, reaching $59.93. The company had a trading volume of 101,165 shares, compared to its average volume of 136,741. The firm has a market capitalization of $931.56, a PE ratio of 20.19 and a beta of 0.37. The company has a quick ratio of 1.89, a current ratio of 2.95 and a debt-to-equity ratio of 0.88. KMG Chemicals has a one year low of $42.05 and a one year high of $70.60.

KMG Chemicals (NYSE:KMG) last announced its earnings results on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.32. The firm had revenue of $113.90 million during the quarter, compared to analyst estimates of $112.57 million. KMG Chemicals had a net margin of 10.59% and a return on equity of 15.69%. KMG Chemicals’s revenue was up 44.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. 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. Investors of record on Monday, March 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. KMG Chemicals’s dividend payout ratio is presently 4.04%.

In other news, major shareholder David L. Hatcher sold 45,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $57.74, for a total transaction of $2,598,300.00. Following the completion of the transaction, the insider now owns 896,097 shares in the company, valued at approximately $51,740,640.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder David L. Hatcher sold 15,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $57.40, for a total transaction of $861,000.00. Following the transaction, the insider now owns 896,097 shares of the company’s stock, valued at approximately $51,435,967.80. The disclosure for this sale can be found here. Insiders sold a total of 525,000 shares of company stock valued at $32,740,650 in the last quarter. 6.10% of the stock is currently owned by insiders.

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KMG Chemicals Company Profile

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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