KMG Chemicals Inc. (NYSE:KMG) is scheduled to issue its Q416 quarterly earnings data on Thursday, October 13th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $77.10 million for the quarter.

Earnings History for KMG Chemicals (NYSE:KMG)

KMG Chemicals Inc. (NYSE:KMG) opened at 27.41 on Wednesday. KMG Chemicals Inc. has a 52-week low of $18.87 and a 52-week high of $29.45. The company has a market capitalization of $321.66 million, a price-to-earnings ratio of 17.90 and a beta of 0.67. The company’s 50-day moving average price is $27.85 and its 200 day moving average price is $25.53.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 11th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, October 6th. KMG Chemicals’s dividend payout ratio is presently 7.84%.

Separately, Zacks Investment Research lowered KMG Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised its position in KMG Chemicals by 1.3% in the second quarter. BlackRock Advisors LLC now owns 4,789 shares of the company’s stock worth $124,000 after buying an additional 61 shares during the period. A.R.T. Advisors LLC acquired a new position in KMG Chemicals during the second quarter worth $202,000. Rhumbline Advisers raised its position in KMG Chemicals by 3.2% in the second quarter. Rhumbline Advisers now owns 12,744 shares of the company’s stock worth $331,000 after buying an additional 392 shares during the period. Panagora Asset Management Inc. raised its position in KMG Chemicals by 804.0% in the second quarter. Panagora Asset Management Inc. now owns 14,853 shares of the company’s stock worth $386,000 after buying an additional 13,210 shares during the period. Finally, Menta Capital LLC raised its position in KMG Chemicals by 19.7% in the second quarter. Menta Capital LLC now owns 30,273 shares of the company’s stock worth $787,000 after buying an additional 4,982 shares during the period. 68.91% of the stock is owned by hedge funds and other institutional investors.

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.

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