KMG Chemicals (KMG) Earning Somewhat Favorable Press Coverage, Study Shows
Headlines about KMG Chemicals (NYSE:KMG) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KMG Chemicals earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the specialty chemicals company an impact score of 45.5859965184074 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- KeyCorp Begins Coverage on KMG Chemicals, Inc. (KMG) (americanbankingnews.com)
- Zacks: KMG Chemicals, Inc. (KMG) Given Consensus Recommendation of “Strong Buy” by Brokerages (americanbankingnews.com)
- KMG Chemicals, Inc. (KMG) Major Shareholder Sells $307,500.00 in Stock (americanbankingnews.com)
- KMG Chemicals, Inc. (KMG) Major Shareholder David L. Hatcher Sells 3,000 Shares (americanbankingnews.com)
- David L. Hatcher Sells 3,000 Shares of KMG Chemicals, Inc. (KMG) Stock (americanbankingnews.com)
Several brokerages have weighed in on KMG. KeyCorp began coverage on shares of KMG Chemicals in a research note on Tuesday. They issued an “overweight” rating and a $63.00 target price for the company. Zacks Investment Research downgraded shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, BidaskClub downgraded shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.
KMG Chemicals (NYSE KMG) opened at $53.94 on Thursday. The stock has a market cap of $840.19, a price-to-earnings ratio of 24.09 and a beta of 0.56. KMG Chemicals has a fifty-two week low of $32.05 and a fifty-two week high of $61.10. The company has a quick ratio of 1.64, a current ratio of 2.52 and a debt-to-equity ratio of 3.01.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.16. The business had revenue of $96.26 million during the quarter, compared to analysts’ expectations of $96.00 million. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. sell-side analysts expect that KMG Chemicals will post 2.77 EPS for the current year.
In related news, major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $54.34, for a total transaction of $163,020.00. Following the completion of the transaction, the insider now owns 1,433,097 shares of the company’s stock, valued at $77,874,490.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David L. Hatcher sold 9,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.68, for a total transaction of $429,120.00. Following the transaction, the insider now directly owns 1,610,097 shares of the company’s stock, valued at approximately $76,769,424.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 231,000 shares of company stock valued at $12,017,550. Corporate insiders own 6.10% of the company’s stock.
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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