KMG Chemicals, Inc. (NYSE:KMG) announced a quarterly dividend on Thursday, September 20th, Wall Street Journal reports. Shareholders of record on Monday, October 1st will be paid a dividend of 0.03 per share by the specialty chemicals company on Tuesday, October 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Friday, September 28th.
KMG Chemicals has a payout ratio of 2.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect KMG Chemicals to earn $4.61 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 2.6%.
Shares of NYSE KMG traded up $0.17 on Friday, hitting $74.18. The company’s stock had a trading volume of 393,857 shares, compared to its average volume of 180,379. KMG Chemicals has a 12-month low of $50.67 and a 12-month high of $79.35. The company has a market capitalization of $1.17 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 0.58 and a beta of 0.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.70 and a quick ratio of 1.71.
KMG Chemicals (NYSE:KMG) last announced its quarterly earnings results on Monday, October 1st. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.28. KMG Chemicals had a net margin of 11.87% and a return on equity of 16.21%. The company had revenue of $122.39 million for the quarter, compared to the consensus estimate of $121.10 million. On average, analysts forecast that KMG Chemicals will post 4.07 EPS for the current fiscal year.
KMG has been the topic of several recent research reports. Zacks Investment Research raised shares of KMG Chemicals from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Thursday, October 4th. ValuEngine raised shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Gabelli downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Finally, Seaport Global Securities downgraded shares of KMG Chemicals from a “buy” rating to a “neutral” rating in a research note on Friday, September 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.00.
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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