Analysts Anticipate Kemet Corporation (KEM) Will Post Earnings of $0.45 Per Share
Analysts expect Kemet Corporation (NYSE:KEM) to post earnings per share of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kemet Corporation’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.42. Kemet Corporation reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 246.2%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Kemet Corporation will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.50 to $1.69. For the next year, analysts anticipate that the company will post earnings of $1.68 per share, with EPS estimates ranging from $1.60 to $1.78. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Kemet Corporation.
Kemet Corporation (NYSE:KEM) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.15. Kemet Corporation had a net margin of 33.25% and a return on equity of 20.21%. The business had revenue of $274.00 million during the quarter, compared to analysts’ expectations of $282.52 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 48.2% on a year-over-year basis.
KEM has been the subject of several research reports. Zacks Investment Research upgraded shares of Kemet Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Friday, October 6th. ValuEngine upgraded shares of Kemet Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet upgraded shares of Kemet Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus restated a “hold” rating and set a $12.00 price objective on shares of Kemet Corporation in a research note on Friday, July 14th. Finally, BidaskClub upgraded shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.42.
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In related news, Director Frank G. Brandenberg sold 11,525 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $23.12, for a total value of $266,458.00. Following the completion of the transaction, the director now directly owns 66,831 shares in the company, valued at approximately $1,545,132.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles C. Meeks, Jr. sold 30,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $18.89, for a total transaction of $566,700.00. Following the completion of the transaction, the insider now owns 259,781 shares of the company’s stock, valued at $4,907,263.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,859 shares of company stock valued at $1,598,660. Company insiders own 3.88% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of KEM. Russell Investments Group Ltd. lifted its stake in shares of Kemet Corporation by 64.8% in the 1st quarter. Russell Investments Group Ltd. now owns 60,690 shares of the electronics maker’s stock valued at $728,000 after purchasing an additional 23,870 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Kemet Corporation by 217.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 52,255 shares of the electronics maker’s stock worth $627,000 after acquiring an additional 35,789 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Kemet Corporation in the 1st quarter worth $314,000. Vanguard Group Inc. increased its holdings in Kemet Corporation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,545,151 shares of the electronics maker’s stock worth $18,542,000 after acquiring an additional 16,236 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Kemet Corporation by 4.5% in the 1st quarter. Geode Capital Management LLC now owns 270,484 shares of the electronics maker’s stock worth $3,245,000 after acquiring an additional 11,748 shares in the last quarter. Hedge funds and other institutional investors own 67.35% of the company’s stock.
Shares of Kemet Corporation (NYSE:KEM) traded up 3.28% during mid-day trading on Friday, reaching $24.86. 1,810,753 shares of the company’s stock were exchanged. The company has a market capitalization of $1.19 billion, a PE ratio of 5.16 and a beta of 3.56. Kemet Corporation has a one year low of $3.51 and a one year high of $27.35. The company’s 50-day moving average price is $22.86 and its 200-day moving average price is $17.19.
Kemet Corporation Company Profile
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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