Q2 2017 Earnings Forecast for KMG Chemicals Inc. Issued By Seaport Global Securities (KMG)
KMG Chemicals Inc. (NYSE:KMG) – Analysts at Seaport Global Securities cut their Q2 2017 earnings per share estimates for shares of KMG Chemicals in a note issued to investors on Friday. Seaport Global Securities analyst M. Harrison now forecasts that the brokerage will post earnings of $0.39 per share for the quarter, down from their previous estimate of $0.40. Seaport Global Securities also issued estimates for KMG Chemicals’ Q4 2017 earnings at $0.45 EPS, FY2017 earnings at $1.74 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.51 EPS and FY2018 earnings at $1.98 EPS.
Separately, Zacks Investment Research cut KMG Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd.
KMG Chemicals (NYSE:KMG) traded down 0.7518% during midday trading on Monday, reaching $29.0301. The company’s stock had a trading volume of 746 shares. The firm has a market cap of $340.67 million, a price-to-earnings ratio of 18.9615 and a beta of 0.67. The company has a 50 day moving average price of $27.91 and a 200 day moving average price of $25.73. KMG Chemicals has a 1-year low of $18.87 and a 1-year high of $30.14.
KMG Chemicals (NYSE:KMG) last posted its earnings results on Thursday, October 13th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by $0.02. KMG Chemicals had a return on equity of 14.40% and a net margin of 6.27%. The company had revenue of $75.30 million for the quarter.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC bought a new position in KMG Chemicals during the second quarter valued at about $4,846,000. Algert Global LLC increased its position in KMG Chemicals by 150.2% in the third quarter. Algert Global LLC now owns 121,946 shares of the company’s stock valued at $3,455,000 after buying an additional 73,205 shares during the last quarter. TFS Capital LLC bought a new position in KMG Chemicals during the second quarter valued at about $1,495,000. First Quadrant L P CA bought a new position in KMG Chemicals during the third quarter valued at about $1,498,000. Finally, WCM Investment Management CA bought a new position in KMG Chemicals during the second quarter valued at about $1,332,000. 68.92% of the stock is owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 11th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, October 6th. KMG Chemicals’s dividend payout ratio (DPR) is currently 7.69%.
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.
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