Revenue Update on KMG Chemicals(NYSE:KMG)

KMG Chemicals(NYSE:KMG) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jun 9, 2016. Company reported revenue of $75.17M. Analysts estimated a revenue of $75.00M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.39.

KMG Chemicals (KMG) shares turned negative on Tuesdays trading session with the shares closing down -0.35 points or -1.32% at a volume of 68,386. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.6. The peak price level was also seen at $26.6 while the days lowest was $26.11. Finally the shares closed at $26.25. The 52-week high of the shares is $29.69 while the 52-week low is $18.45. According to the latest information available, the market cap of the company is $308 M.

Several Insider Transactions has been reported to the SEC. On Oct 20, 2015, Roger C Jackson (Vice President, Gen Counsel) purchased 2,000 shares at $20.15 per share price.Also, On Oct 20, 2015, Christopher T. Fraser (CEO) purchased 2,500 shares at $20.30 per share price.On Aug 5, 2015, Christopher W Gonser (VP of Human Resources) purchased 2,000 shares at $20.46 per share price, according to the Form-4 filing with the securities and exchange commission.

KMG Chemicals Inc. manufactures formulates and globally distributes specialty chemicals. The Company operates through two segments: Electronic chemicals and Other chemicals. The Company operates businesses engaged in selling electronic chemicals industrial wood treating chemicals and industrial valve lubricants and sealants. The Company is the global supplier of high-purity process chemicals serving semiconductor manufacturers in the United States Europe and Asia. The Company formulates and blends acids solvents and other wet chemicals used in the production of semiconductors photovoltaics (solar cells) and flat panel displays. It is the North American manufacturer of pentachlorophenol (penta) used to protect wood utility poles and cross-arms. In the Company’s industrial valve lubricants and sealants business it manufactures and distributes industrial sealants lubricants and related equipment primarily to the oil and gas storage pipeline and gas distribution markets.

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