KEMET (NYSE:KEM) is scheduled to be announcing its earnings results before the market opens on Thursday, February 1st. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
KEMET (NYSE:KEM) last released its earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. KEMET had a return on equity of 21.07% and a net margin of 31.16%. The business had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 60.9% compared to the same quarter last year. On average, analysts expect KEMET to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of KEMET (NYSE:KEM) opened at $19.95 on Wednesday. KEMET has a 52-week low of $6.73 and a 52-week high of $27.35. The firm has a market capitalization of $1,120.00, a price-to-earnings ratio of 4.06 and a beta of 3.45. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.73 and a current ratio of 2.51.
Several analysts have recently weighed in on KEM shares. Zacks Investment Research downgraded KEMET from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. TheStreet downgraded KEMET from a “b” rating to a “c” rating in a research report on Thursday, November 2nd. ValuEngine lowered KEMET from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, B. Riley restated a “buy” rating and set a $22.50 price target on shares of KEMET in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. KEMET presently has a consensus rating of “Buy” and an average target price of $18.83.
In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total transaction of $352,200.24. Following the transaction, the chief financial officer now owns 523,038 shares in the company, valued at $8,410,451.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Vincent Borruso sold 20,332 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $20.00, for a total value of $406,640.00. Following the transaction, the director now owns 70,134 shares in the company, valued at approximately $1,402,680. The disclosure for this sale can be found here. Company insiders own 3.88% of the company’s stock.
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KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.
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