$0.96 EPS Expected for KEMET Co. (KEM) This Quarter

Brokerages expect that KEMET Co. (NYSE:KEM) will announce earnings per share (EPS) of $0.96 for the current quarter, according to Zacks. Three analysts have made estimates for KEMET’s earnings, with the highest EPS estimate coming in at $0.97 and the lowest estimate coming in at $0.95. KEMET reported earnings of $0.45 per share in the same quarter last year, which suggests a positive year over year growth rate of 113.3%. The business is scheduled to report its next quarterly earnings report on Thursday, May 16th.

According to Zacks, analysts expect that KEMET will report full-year earnings of $3.36 per share for the current financial year, with EPS estimates ranging from $3.18 to $3.46. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.57 per share, with EPS estimates ranging from $3.44 to $3.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow KEMET.

KEMET (NYSE:KEM) last released its quarterly earnings results on Thursday, January 31st. The electronics maker reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.19. The firm had revenue of $350.18 million during the quarter, compared to analyst estimates of $353.36 million. KEMET had a net margin of 8.59% and a return on equity of 32.59%.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of KEMET from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine upgraded shares of KEMET from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

In other news, SVP Ronald James Assaf sold 3,333 shares of KEMET stock in a transaction on Friday, February 1st. The shares were sold at an average price of $18.01, for a total transaction of $60,027.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shignori Oyama sold 30,000 shares of KEMET stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $18.69, for a total transaction of $560,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 96,997 shares of company stock valued at $1,807,248 over the last ninety days. 2.95% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of KEM. Csenge Advisory Group bought a new stake in shares of KEMET during the 3rd quarter worth $27,000. IFP Advisors Inc bought a new stake in shares of KEMET during the 4th quarter worth $35,000. Valeo Financial Advisors LLC bought a new stake in shares of KEMET during the 1st quarter worth $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of KEMET by 555.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the electronics maker’s stock worth $40,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of KEMET by 51.0% during the 4th quarter. Bank of Montreal Can now owns 2,550 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 861 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

Shares of KEM traded down $0.12 during mid-day trading on Friday, reaching $17.46. 489,994 shares of the stock traded hands, compared to its average volume of 1,110,468. The firm has a market capitalization of $1.01 billion, a P/E ratio of 10.78 and a beta of 2.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.39 and a quick ratio of 1.54. KEMET has a 1 year low of $15.55 and a 1 year high of $29.85.

KEMET Company Profile

KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.

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