KMG Chemicals Inc. (NYSE:KMG) issued its quarterly earnings results on Thursday. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. KMG Chemicals had a net margin of 6.11% and a return on equity of 14.12%. The firm had revenue of $75.30 million for the quarter, compared to analysts’ expectations of $77.10 million.
Shares of KMG Chemicals (NYSE:KMG) traded down 0.73% during mid-day trading on Thursday, reaching $27.12. The company had a trading volume of 42,972 shares. KMG Chemicals has a one year low of $18.87 and a one year high of $29.45. The firm has a 50 day moving average of $27.83 and a 200-day moving average of $25.54. The stock has a market capitalization of $318.25 million, a P/E ratio of 17.71 and a beta of 0.67.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 11th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, October 6th. This represents a $0.12 dividend on an annualized basis and a yield of 0.44%. KMG Chemicals’s dividend payout ratio (DPR) is 7.84%.
Separately, Zacks Investment Research raised KMG Chemicals from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Advisors LLC boosted its position in shares of KMG Chemicals by 1.3% in the second quarter. BlackRock Advisors LLC now owns 4,789 shares of the company’s stock worth $124,000 after buying an additional 61 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of KMG Chemicals during the second quarter worth about $202,000. Rhumbline Advisers boosted its position in shares of KMG Chemicals by 3.2% in the second quarter. Rhumbline Advisers now owns 12,744 shares of the company’s stock worth $331,000 after buying an additional 392 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of KMG Chemicals by 804.0% in the second quarter. Panagora Asset Management Inc. now owns 14,853 shares of the company’s stock worth $386,000 after buying an additional 13,210 shares during the last quarter. Finally, Menta Capital LLC boosted its position in shares of KMG Chemicals by 19.7% in the second quarter. Menta Capital LLC now owns 30,273 shares of the company’s stock worth $787,000 after buying an additional 4,982 shares during the last quarter. Institutional investors and hedge funds own 68.91% 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.
Receive News & Ratings for KMG Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KMG Chemicals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.