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.
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.
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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