Analysts Expect KEMET Co. (KEM) Will Post Earnings of $0.60 Per Share

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Equities research analysts expect KEMET Co. (NYSE:KEM) to report $0.60 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for KEMET’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.59. KEMET reported earnings per share of $0.45 during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that KEMET will report full year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.44 to $2.46. For the next financial year, analysts forecast that the business will report earnings of $2.71 per share, with EPS estimates ranging from $2.57 to $2.83. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for KEMET.

KEMET (NYSE:KEM) last announced its quarterly earnings data on Wednesday, July 25th. The electronics maker reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.08. The firm had revenue of $327.62 million for the quarter, compared to analyst estimates of $318.22 million. KEMET had a return on equity of 23.78% and a net margin of 5.52%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS.

A number of research analysts have commented on KEM shares. Zacks Investment Research lowered KEMET from a “hold” rating to a “sell” rating in a research report on Thursday, May 24th. B. Riley increased their price objective on KEMET and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, ValuEngine lowered KEMET from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th.

Shares of KEM opened at $21.62 on Wednesday. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 13.35 and a beta of 3.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.44. KEMET has a 52 week low of $13.73 and a 52 week high of $29.85.

In other news, CEO Per Olof Loof sold 10,000 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $25.40, for a total value of $254,000.00. Following the transaction, the chief executive officer now owns 888,992 shares of the company’s stock, valued at approximately $22,580,396.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ronald James Assaf sold 3,333 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $25.06, for a total value of $83,524.98. Following the completion of the transaction, the senior vice president now directly owns 93,288 shares in the company, valued at approximately $2,337,797.28. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in shares of KEMET by 7.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 29,670 shares of the electronics maker’s stock valued at $717,000 after purchasing an additional 1,930 shares during the period. IFP Advisors Inc raised its stake in KEMET by 9.4% during the 2nd quarter. IFP Advisors Inc now owns 25,116 shares of the electronics maker’s stock worth $607,000 after buying an additional 2,153 shares during the period. Algert Global LLC raised its stake in KEMET by 17.9% during the 2nd quarter. Algert Global LLC now owns 16,807 shares of the electronics maker’s stock worth $406,000 after buying an additional 2,546 shares during the period. Smith Asset Management Group LP raised its stake in KEMET by 7.0% during the 2nd quarter. Smith Asset Management Group LP now owns 39,949 shares of the electronics maker’s stock worth $965,000 after buying an additional 2,620 shares during the period. Finally, Vident Investment Advisory LLC raised its stake in KEMET by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 179,467 shares of the electronics maker’s stock worth $4,334,000 after buying an additional 2,691 shares during the period. 77.77% of the stock is currently owned by institutional investors.

About KEMET

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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