KEMET Co. (NYSE:KEM) – Equities research analysts at B. Riley cut their Q1 2020 earnings estimates for KEMET in a report released on Thursday, July 18th. B. Riley analyst C. Ellis now expects that the electronics maker will post earnings per share of $0.67 for the quarter, down from their previous forecast of $0.73. B. Riley has a “Buy” rating and a $26.00 price target on the stock. B. Riley also issued estimates for KEMET’s Q2 2020 earnings at $0.71 EPS, Q3 2020 earnings at $0.70 EPS, Q4 2020 earnings at $0.78 EPS, Q1 2021 earnings at $0.79 EPS, Q2 2021 earnings at $0.79 EPS, Q3 2021 earnings at $0.75 EPS and FY2021 earnings at $3.08 EPS.
KEMET (NYSE:KEM) last released its earnings results on Thursday, May 16th. The electronics maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. KEMET had a net margin of 14.94% and a return on equity of 36.66%. The firm had revenue of $355.79 million during the quarter, compared to the consensus estimate of $341.19 million. During the same period in the previous year, the firm earned $0.45 earnings per share. KEMET’s revenue was up 11.9% compared to the same quarter last year.
KEM opened at $19.31 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.44 and a debt-to-equity ratio of 0.42. KEMET has a 52-week low of $15.55 and a 52-week high of $29.40. The stock’s 50 day simple moving average is $17.91. The stock has a market capitalization of $1.12 billion, a P/E ratio of 5.73 and a beta of 2.56.
In other news, VP Shignori Oyama sold 3,102 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $16.88, for a total value of $52,361.76. Following the completion of the transaction, the vice president now directly owns 142,473 shares in the company, valued at $2,404,944.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald James Assaf sold 3,334 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $18.01, for a total transaction of $60,045.34. Following the completion of the transaction, the senior vice president now owns 63,390 shares of the company’s stock, valued at $1,141,653.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,104 shares of company stock valued at $236,499. 1.76% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. NEXT Financial Group Inc bought a new position in KEMET in the 2nd quarter valued at about $59,000. Truvestments Capital LLC bought a new position in KEMET in the 2nd quarter valued at about $73,000. New Jersey Better Educational Savings Trust bought a new position in KEMET in the 2nd quarter valued at about $263,000. Centaurus Financial Inc. bought a new position in KEMET in the 1st quarter valued at about $42,000. Finally, First Trust Advisors LP grew its position in KEMET by 154.0% in the 1st quarter. First Trust Advisors LP now owns 204,861 shares of the electronics maker’s stock valued at $3,476,000 after buying an additional 124,206 shares in the last quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.
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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