Somewhat Positive Media Coverage Somewhat Unlikely to Affect KMG Chemicals (KMG) Stock Price
Media headlines about KMG Chemicals (NYSE:KMG) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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 0.09 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 48.3948177804452 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Brokers Set Expectations for KMG Chemicals, Inc.’s FY2018 Earnings (KMG) (americanbankingnews.com)
- 10% Owner of Kmg Chemicals Inc (NYSE:KMG), Hatcher David L, sells 3,000 shares worth $187,260 (empowerednews.net)
- Zacks: KMG Chemicals, Inc. (KMG) Given $68.50 Average Price Target by Brokerages (americanbankingnews.com)
- KMG Chemicals (KMG) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- Q2 2018 EPS Estimates for KMG Chemicals, Inc. Lifted by Seaport Global Securities (KMG) (americanbankingnews.com)
A number of equities research analysts recently weighed in on KMG shares. Zacks Investment Research downgraded KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. KeyCorp started coverage on KMG Chemicals in a research report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 price objective on the stock. Finally, ValuEngine downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. KMG Chemicals presently has a consensus rating of “Hold” and an average target price of $70.00.
KMG Chemicals (NYSE:KMG) last issued its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The company had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.60 million. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The company’s revenue was up 44.7% on a year-over-year basis. equities analysts expect that KMG Chemicals will post 3.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.18%. The ex-dividend date is Thursday, December 21st. KMG Chemicals’s dividend payout ratio is presently 6.28%.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $49.33, for a total value of $147,990.00. Following the completion of the sale, the insider now owns 1,568,097 shares of the company’s stock, valued at $77,354,225.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder David L. Hatcher sold 9,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $50.67, for a total value of $456,030.00. Following the completion of the sale, the insider now directly owns 1,559,097 shares of the company’s stock, valued at approximately $78,999,444.99. The disclosure for this sale can be found here. In the last three months, insiders sold 213,000 shares of company stock valued at $11,516,640. Corporate insiders own 6.10% of the company’s stock.
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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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