Equities research analysts expect that KEMET Co. (NYSE:KEM) will post earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for KEMET’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.40. KEMET posted earnings per share of $0.14 in the same quarter last year, which suggests a positive year-over-year growth rate of 192.9%. The business is expected to announce its next earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that KEMET will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.70 to $1.75. For the next year, analysts anticipate that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.68 to $2.06. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover KEMET.
KEMET (NYSE:KEM) last announced its earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. The business had revenue of $306.40 million for the quarter, compared to analyst estimates of $295.68 million. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The company’s quarterly revenue was up 63.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS.
A number of equities analysts have weighed in on KEM shares. B. Riley upped their target price on KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a research note on Friday, February 2nd. ValuEngine upgraded KEMET from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded KEMET from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $19.58.
KEMET (KEM) opened at $19.81 on Friday. The firm has a market capitalization of $1,106.63, a PE ratio of 3.73 and a beta of 3.61. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.70. KEMET has a one year low of $10.70 and a one year high of $27.35.
In related news, CFO William M. Lowe, Jr. sold 24,700 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $16.93, for a total transaction of $418,171.00. Following the completion of the sale, the chief financial officer now directly owns 461,570 shares in the company, valued at approximately $7,814,380.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ronald James Assaf sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $16.89, for a total value of $337,800.00. Following the sale, the senior vice president now owns 94,225 shares of the company’s stock, valued at $1,591,460.25. The disclosure for this sale can be found here. Insiders sold a total of 140,532 shares of company stock valued at $2,534,291 over the last quarter. Company insiders own 3.88% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Royce & Associates LP boosted its holdings in KEMET by 50.0% during the 4th quarter. Royce & Associates LP now owns 1,639,523 shares of the electronics maker’s stock valued at $24,691,000 after acquiring an additional 546,790 shares during the period. Nokomis Capital L.L.C. boosted its holdings in KEMET by 467.1% during the 4th quarter. Nokomis Capital L.L.C. now owns 1,337,442 shares of the electronics maker’s stock valued at $20,142,000 after acquiring an additional 1,101,612 shares during the period. Bank of New York Mellon Corp boosted its holdings in KEMET by 49.9% during the 4th quarter. Bank of New York Mellon Corp now owns 939,333 shares of the electronics maker’s stock valued at $14,146,000 after acquiring an additional 312,557 shares during the period. State Street Corp boosted its holdings in KEMET by 1,972.6% during the 2nd quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock valued at $9,606,000 after acquiring an additional 714,335 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in KEMET by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 542,437 shares of the electronics maker’s stock valued at $8,169,000 after acquiring an additional 92,480 shares during the period. Institutional investors own 70.14% of the company’s stock.
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KEMET Company Profile
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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