KMG Chemicals, Inc. (NYSE:KMG) – Equities research analysts at KeyCorp issued their Q1 2018 earnings estimates for shares of KMG Chemicals in a research note issued to investors on Tuesday. KeyCorp analyst M. Sison forecasts that the specialty chemicals company will earn $0.62 per share for the quarter. KeyCorp has a “Overweight” rating and a $63.00 price objective on the stock. KeyCorp also issued estimates for KMG Chemicals’ Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.68 EPS and FY2018 earnings at $2.75 EPS.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.

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KMG Chemicals (NYSE:KMG) traded down $0.74 during trading hours on Thursday, reaching $53.94. 73,300 shares of the company’s stock were exchanged, compared to its average volume of 101,639. The company has a market cap of $840.19, a price-to-earnings ratio of 24.09 and a beta of 0.56. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.64 and a current ratio of 2.52. KMG Chemicals has a 1-year low of $32.05 and a 1-year high of $61.10.

KMG Chemicals (NYSE:KMG) last released its quarterly earnings data on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.16. The business had revenue of $96.26 million during the quarter, compared to analyst estimates of $96.00 million. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of KMG Chemicals by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 7,228 shares of the specialty chemicals company’s stock worth $351,000 after acquiring an additional 112 shares during the period. American International Group Inc. grew its stake in shares of KMG Chemicals by 7.0% in the first quarter. American International Group Inc. now owns 5,547 shares of the specialty chemicals company’s stock worth $256,000 after acquiring an additional 365 shares during the period. Legal & General Group Plc grew its stake in shares of KMG Chemicals by 23.2% in the second quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 414 shares during the period. Voya Investment Management LLC grew its stake in shares of KMG Chemicals by 8.0% in the second quarter. Voya Investment Management LLC now owns 6,213 shares of the specialty chemicals company’s stock worth $302,000 after acquiring an additional 458 shares during the period. Finally, WCM Investment Management CA grew its stake in shares of KMG Chemicals by 1.0% in the second quarter. WCM Investment Management CA now owns 57,405 shares of the specialty chemicals company’s stock worth $2,794,000 after acquiring an additional 565 shares during the period. Hedge funds and other institutional investors own 56.85% of the company’s stock.

In other news, major shareholder David L. Hatcher sold 6,000 shares of KMG Chemicals stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $51.25, for a total value of $307,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David L. Hatcher sold 3,000 shares of KMG Chemicals stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $47.73, for a total transaction of $143,190.00. Following the completion of the sale, the insider now owns 1,610,097 shares of the company’s stock, valued at $76,849,929.81. The disclosure for this sale can be found here. Insiders sold 231,000 shares of company stock valued at $12,017,550 over the last quarter. Company insiders own 6.10% of the company’s stock.

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.

Earnings History and Estimates for KMG Chemicals (NYSE:KMG)

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