Kemet Corporation (KEM) Set to Announce Earnings on Monday
Kemet Corporation (NYSE:KEM) will post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Kemet Corporation to post earnings of $0.33 per share for the quarter.
Kemet Corporation (NYSE:KEM) last issued its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.18 by $0.15. Kemet Corporation had a return on equity of 20.21% and a net margin of 33.25%. The company had revenue of $274.00 million for the quarter, compared to analyst estimates of $282.52 million. During the same period last year, the company earned $0.06 earnings per share. Kemet Corporation’s quarterly revenue was up 48.2% compared to the same quarter last year. On average, analysts expect Kemet Corporation to post $1.59 EPS for the current fiscal year and $1.68 EPS for the next fiscal year.
Shares of Kemet Corporation (NYSE:KEM) traded up 1.34% during mid-day trading on Monday, reaching $26.47. The company’s stock had a trading volume of 167,975 shares. The company’s 50 day moving average price is $22.68 and its 200-day moving average price is $16.83. Kemet Corporation has a 1-year low of $3.45 and a 1-year high of $27.35. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 5.49 and a beta of 3.56.
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In related news, VP Stefano Vetralla sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $18.70, for a total value of $168,300.00. Following the completion of the transaction, the vice president now directly owns 51,611 shares of the company’s stock, valued at approximately $965,125.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wilfried Backes sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $20.47, for a total value of $409,400.00. Following the completion of the transaction, the director now directly owns 87,934 shares of the company’s stock, valued at $1,800,008.98. The disclosure for this sale can be found here. Insiders sold a total of 80,859 shares of company stock valued at $1,598,660 over the last ninety days. 3.88% of the stock is currently owned by company insiders.
KEM has been the subject of several research analyst reports. Zacks Investment Research downgraded Kemet Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised Kemet Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded Kemet Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Kemet Corporation in a research note on Friday, July 14th. Finally, TheStreet raised Kemet Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kemet Corporation presently has an average rating of “Buy” and an average target price of $21.42.
About Kemet Corporation
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.
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