Analysts Expect KEMET Co. (NYSE:KEM) Will Post Earnings of $0.36 Per Share

Analysts expect KEMET Co. (NYSE:KEM) to post $0.36 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for KEMET’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.34. KEMET posted earnings per share of $1.07 during the same quarter last year, which indicates a negative year-over-year growth rate of 66.4%. The business is scheduled to announce its next earnings results on Thursday, January 30th.

On average, analysts expect that KEMET will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.28. For the next financial year, analysts forecast that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.78 to $2.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for KEMET.

KEMET (NYSE:KEM) last posted its quarterly earnings data on Tuesday, November 12th. The electronics maker reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. KEMET had a net margin of 11.56% and a return on equity of 32.53%. The business had revenue of $327.40 million during the quarter, compared to analyst estimates of $324.90 million. During the same quarter in the previous year, the business posted $0.87 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis.

KEM has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of KEMET from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Zacks Investment Research upgraded shares of KEMET from a “strong sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus downgraded shares of KEMET from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, B. Riley downgraded shares of KEMET from a “buy” rating to a “hold” rating and lowered their target price for the company from $29.00 to $27.20 in a report on Wednesday, November 13th.

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its holdings in KEMET by 45.7% in the third quarter. Public Employees Retirement System of Ohio now owns 1,722 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 540 shares during the period. Meeder Asset Management Inc. purchased a new stake in KEMET in the third quarter valued at approximately $37,000. Tower Research Capital LLC TRC grew its holdings in KEMET by 3,052.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,184 shares of the electronics maker’s stock valued at $58,000 after purchasing an additional 3,083 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in KEMET by 233.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,836 shares of the electronics maker’s stock worth $72,000 after buying an additional 2,685 shares during the period. Finally, Factorial Partners LLC purchased a new stake in KEMET during the second quarter worth approximately $94,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

KEMET stock traded down $0.05 during trading on Friday, reaching $26.65. The company had a trading volume of 208,818 shares, compared to its average volume of 1,057,341. KEMET has a 12-month low of $15.87 and a 12-month high of $27.61. The stock’s 50 day moving average price is $26.73 and its two-hundred day moving average price is $21.97. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 7.91 and a beta of 2.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 2.15.

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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Earnings History and Estimates for KEMET (NYSE:KEM)

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