Zacks Lowers Kemet Corp. to Underperform (KEM)
Kemet Corp. (NYSE:KEM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday. They currently have a $4.90 price target on the stock. Zacks‘s target price points to a potential downside of 4.67% from the company’s current price.
Shares of Kemet Corp. (NYSE:KEM) traded down 0.97% on Monday, hitting $5.09. 31,047 shares of the company’s stock traded hands. Kemet Corp. has a 52-week low of $3.93 and a 52-week high of $6.41. The stock’s 50-day moving average is $5.3 and its 200-day moving average is $5.54. The company’s market cap is $231.1 million.
Kemet Corp. (NYSE:KEM) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.06. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $215.60 million. During the same quarter last year, the company posted ($0.38) earnings per share. Kemet Corp.’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Kemet Corp. will post $0.10 EPS for the current fiscal year.
KEMET Corporation (NYSE:KEM) is a global manufacturer of a variety of capacitors.
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