KMG Chemicals (NYSE:KMG) posted its quarterly earnings results on Monday. The specialty chemicals company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.26, Bloomberg Earnings reports. KMG Chemicals had a return on equity of 17.47% and a net margin of 11.87%. The company had revenue of $118.60 million during the quarter, compared to analysts’ expectations of $112.87 million. During the same quarter in the previous year, the firm earned $0.53 EPS. KMG Chemicals’s revenue was up 45.3% on a year-over-year basis.
KMG Chemicals opened at $79.26 on Wednesday, according to Marketbeat Ratings. KMG Chemicals has a 12 month low of $45.65 and a 12 month high of $79.35. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 34.92 and a beta of 0.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.89 and a current ratio of 2.95.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.15%. KMG Chemicals’s payout ratio is presently 5.29%.
A number of brokerages have issued reports on KMG. ValuEngine raised KMG Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut KMG Chemicals from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $73.67.
KMG Chemicals Company Profile
KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company's Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.
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