Wall Street analysts predict that Kemet Corporation (NYSE:KEM) will announce earnings per share of $0.34 for the current quarter, Zacks reports. Three analysts have provided estimates for Kemet’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.32. Kemet posted earnings of $0.11 per share during the same quarter last year, which would indicate a positive year over year growth rate of 209.1%. The company is expected to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that Kemet will report full year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.55. For the next financial year, analysts forecast that the firm will report earnings of $1.63 per share, with EPS estimates ranging from $1.56 to $1.68. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Kemet.

Kemet (NYSE:KEM) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $301.47 million for the quarter, compared to analysts’ expectations of $298.51 million. Kemet had a net margin of 31.16% and a return on equity of 21.07%. Kemet’s revenue was up 60.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share.

A number of research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $24.25 price target on shares of Kemet in a research report on Tuesday, August 8th. ValuEngine cut shares of Kemet from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub cut shares of Kemet from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Kemet in a research report on Monday, August 7th. Finally, Zacks Investment Research cut shares of Kemet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Kemet presently has a consensus rating of “Hold” and an average target price of $22.50.

In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total transaction of $352,200.24. Following the transaction, the chief financial officer now directly owns 523,038 shares of the company’s stock, valued at $8,410,451.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.88% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its position in shares of Kemet by 14.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 17,027 shares of the electronics maker’s stock worth $360,000 after purchasing an additional 2,110 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Kemet by 13.1% during the second quarter. Cubist Systematic Strategies LLC now owns 24,759 shares of the electronics maker’s stock worth $317,000 after purchasing an additional 2,875 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of Kemet by 5.4% during the second quarter. Engineers Gate Manager LP now owns 89,818 shares of the electronics maker’s stock worth $1,150,000 after purchasing an additional 4,567 shares in the last quarter. State of Tennessee Treasury Department acquired a new position in shares of Kemet during the third quarter worth $108,000. Finally, Denali Advisors LLC acquired a new position in shares of Kemet during the third quarter worth $122,000. 69.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kemet (NYSE:KEM) traded down $0.73 during mid-day trading on Tuesday, reaching $14.72. 2,115,300 shares of the company’s stock were exchanged, compared to its average volume of 1,472,935. The firm has a market capitalization of $829.94, a PE ratio of 15.93 and a beta of 3.44. The company has a current ratio of 2.51, a quick ratio of 1.73 and a debt-to-equity ratio of 0.75. Kemet has a 1 year low of $5.62 and a 1 year high of $27.35.

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About Kemet

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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Earnings History and Estimates for Kemet (NYSE:KEM)

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