3 Stocks Raising The Chemicals Industry Higher
- The revenue growth came in higher than the industry average of 11.1%. Since the same quarter one year prior, revenues rose by 40.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has significantly increased by 1424.27% to $14.13 million when compared to the same quarter last year. In addition, KMG CHEMICALS INC has also vastly surpassed the industry average cash flow growth rate of 35.32%.
- The current debt-to-equity ratio, 0.59, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.93 is somewhat weak and could be cause for future problems.
- KMG CHEMICALS INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, KMG CHEMICALS INC reported lower earnings of $0.82 versus $1.23 in the prior year. For the next year, the market is expecting a contraction of 2.4% in earnings ($0.80 versus $0.82).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Chemicals industry. The net income has significantly decreased by 57.2% when compared to the same quarter one year ago, falling from $2.87 million to $1.23 million.
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