KMG Chemicals, Inc. (NYSE:KMG) – Analysts at Seaport Global Securities boosted their Q3 2018 EPS estimates for shares of KMG Chemicals in a research note issued on Friday. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings per share of $0.98 for the quarter, up from their previous estimate of $0.85. Seaport Global Securities also issued estimates for KMG Chemicals’ Q4 2018 earnings at $1.00 EPS, Q1 2019 earnings at $1.04 EPS, Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.10 EPS and Q4 2019 earnings at $1.13 EPS.
KMG Chemicals (NYSE:KMG) last issued its earnings results on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.32. The firm had revenue of $113.90 million during the quarter, compared to analysts’ expectations of $112.57 million. KMG Chemicals had a net margin of 10.59% and a return on equity of 18.32%. The firm’s revenue for the quarter was up 44.0% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share.
Shares of KMG Chemicals (NYSE:KMG) opened at $67.12 on Monday. The firm has a market cap of $1,067.76, a P/E ratio of 22.48 and a beta of 0.37. KMG Chemicals has a 1-year low of $39.64 and a 1-year high of $70.60. The company has a current ratio of 2.87, a quick ratio of 1.92 and a debt-to-equity ratio of 0.99.
Institutional investors have recently bought and sold shares of the stock. Earnest Partners LLC acquired a new position in KMG Chemicals in the 4th quarter worth approximately $112,000. Ramsey Quantitative Systems acquired a new position in KMG Chemicals in the 4th quarter worth approximately $138,000. Victory Capital Management Inc. acquired a new position in KMG Chemicals in the 3rd quarter worth approximately $155,000. IPG Investment Advisors LLC acquired a new position in KMG Chemicals in the 4th quarter worth approximately $247,000. Finally, Teacher Retirement System of Texas acquired a new position in KMG Chemicals in the 4th quarter worth approximately $290,000. 81.01% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $66.11, for a total value of $198,330.00. Following the completion of the transaction, the insider now owns 1,376,097 shares of the company’s stock, valued at approximately $90,973,772.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David L. Hatcher sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.82, for a total transaction of $376,920.00. Following the completion of the transaction, the insider now directly owns 1,382,097 shares of the company’s stock, valued at approximately $86,823,333.54. The disclosure for this sale can be found here. Insiders have sold 609,000 shares of company stock valued at $38,279,340 over the last 90 days. 6.10% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 12th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Friday, March 9th. KMG Chemicals’s payout ratio is 4.04%.
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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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