Brokerages expect Kemet Corporation (NYSE:KEM) to announce sales of $294.24 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Kemet’s earnings, with the highest sales estimate coming in at $295.30 million and the lowest estimate coming in at $293.50 million. Kemet posted sales of $188.03 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 56.5%. The company is scheduled to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Kemet will report full year sales of $294.24 million for the current fiscal year. For the next financial year, analysts forecast that the business will post sales of $1.22 billion per share, with estimates ranging from $1.21 billion to $1.22 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Kemet.

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

Several brokerages have weighed in on KEM. B. Riley reaffirmed a “buy” rating and issued a $27.50 target price on shares of Kemet in a research report on Tuesday, October 31st. Zacks Investment Research raised Kemet from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a report on Friday, October 6th. ValuEngine lowered Kemet from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, TheStreet lowered Kemet from a “b” rating to a “c” rating in a report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.50.

In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total transaction of $352,200.24. Following the transaction, the chief financial officer now owns 523,038 shares of the company’s stock, valued at approximately $8,410,451.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.88% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Kemet during the 3rd quarter valued at approximately $656,000. GSA Capital Partners LLP bought a new stake in Kemet during the 3rd quarter valued at approximately $737,000. Sterling Capital Management LLC bought a new stake in Kemet during the 3rd quarter valued at approximately $761,000. Piedmont Investment Advisors LLC bought a new stake in Kemet during the 3rd quarter valued at approximately $225,000. Finally, California Public Employees Retirement System boosted its stake in Kemet by 12.9% during the 3rd quarter. California Public Employees Retirement System now owns 141,211 shares of the electronics maker’s stock valued at $2,984,000 after purchasing an additional 16,111 shares during the period. Hedge funds and other institutional investors own 69.79% of the company’s stock.

Shares of Kemet (KEM) traded down $0.12 during mid-day trading on Wednesday, reaching $16.16. The company’s stock had a trading volume of 883,400 shares, compared to its average volume of 1,103,750. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.73 and a current ratio of 2.51. Kemet has a 12 month low of $6.29 and a 12 month high of $27.35. The firm has a market cap of $922.97, a price-to-earnings ratio of 3.29 and a beta of 3.45.

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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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