KMG Chemicals Inc. (NYSE:KMG) posted its quarterly earnings data on Thursday. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.02. The business earned $75.30 million during the quarter. KMG Chemicals had a return on equity of 14.40% and a net margin of 6.27%.
KMG Chemicals (NYSE:KMG) opened at 29.20 on Monday. The company’s 50-day moving average price is $27.84 and its 200 day moving average price is $25.60. The stock has a market capitalization of $342.66 million, a P/E ratio of 19.07 and a beta of 0.67. KMG Chemicals has a 52 week low of $18.87 and a 52 week high of $30.14.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 11th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, October 6th. This represents a $0.12 annualized dividend and a yield of 0.41%. KMG Chemicals’s dividend payout ratio (DPR) is 7.69%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new position in KMG Chemicals during the second quarter worth approximately $104,000. BlackRock Advisors LLC boosted its position in 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 period. Acrospire Investment Management LLC boosted its position in KMG Chemicals by 65.5% in the second quarter. Acrospire Investment Management LLC now owns 5,027 shares of the company’s stock worth $131,000 after buying an additional 1,989 shares during the period. A.R.T. Advisors LLC purchased a new position in KMG Chemicals during the second quarter worth approximately $202,000. Finally, Emerald Acquisition Ltd. purchased a new position in KMG Chemicals during the second quarter worth approximately $264,000. Institutional investors own 68.91% of the company’s stock.
Separately, Zacks Investment Research upgraded KMG Chemicals from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th.
KMG Chemicals Company Profile