KMG Chemicals, Inc. (KMG) to Release Earnings on Wednesday
KMG Chemicals, Inc. (NYSE:KMG) will post its quarterly earnings results before the market opens on Wednesday, October 11th. Analysts expect KMG Chemicals to post earnings of $0.53 per share for the quarter.
KMG Chemicals, Inc. (NYSE KMG) opened at 55.15 on Wednesday. KMG Chemicals, Inc. has a 12-month low of $26.33 and a 12-month high of $61.10. The firm’s 50-day moving average is $49.71 and its 200 day moving average is $50.05. The stock has a market capitalization of $655.68 million, a P/E ratio of 30.25 and a beta of 0.62.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, October 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. KMG Chemicals’s payout ratio is currently 6.67%.
In related news, major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $49.59, for a total value of $148,770.00. Following the completion of the transaction, the insider now directly owns 1,715,097 shares of the company’s stock, valued at approximately $85,051,660.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David L. Hatcher sold 9,000 shares of KMG Chemicals stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $49.82, for a total value of $448,380.00. Following the transaction, the insider now directly owns 1,715,097 shares of the company’s stock, valued at $85,446,132.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,000 shares of company stock valued at $12,815,190. Insiders own 6.90% of the company’s stock.
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KMG has been the subject of several recent analyst reports. Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub downgraded shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th.
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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