KMG Chemicals (KMG) Releases Quarterly Earnings, Beats Expectations By $0.03 EPS

KMG Chemicals (NYSE: KMG) issued its quarterly earnings data on Monday. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.03, AnalystRatingsNetwork reports. The company had revenue of $59.90 million for the quarter, compared to the consensus estimate of $77.75 million.

Several analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of KMG Chemicals from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, May 14th. They now have a $20.60 price target on the stock.

Shares of KMG Chemicals (NYSE: KMG) opened at 22.45 on Monday. KMG Chemicals has a 52 week low of $16.14 and a 52 week high of $22.56. The stock’s 50-day moving average is currently $20.33. The company has a market cap of $258.5 million and a P/E ratio of 18.98.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Wednesday, June 5th.

KMG Chemicals, Inc. manufactures, formulates and globally distributes specialty chemicals. The Company has acquired and operates businesses selling electronic chemicals, industrial wood preservatives and animal health products.