Zacks: Analysts Expect KEMET Co. (KEM) Will Post Earnings of $0.46 Per Share

Equities analysts expect KEMET Co. (NYSE:KEM) to post $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for KEMET’s earnings, with estimates ranging from $0.43 to $0.51. KEMET reported earnings per share of $0.33 in the same quarter last year, which would suggest a positive year over year growth rate of 39.4%. The company is expected to report its next quarterly earnings report on Wednesday, August 1st.

On average, analysts expect that KEMET will report full year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.84 to $2.02. For the next year, analysts anticipate that the firm will report earnings of $1.94 per share, with EPS estimates ranging from $1.89 to $1.99. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for KEMET.

KEMET (NYSE:KEM) last released its earnings results on Thursday, May 17th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. KEMET had a net margin of 21.28% and a return on equity of 22.42%. The company had revenue of $318.00 million during the quarter, compared to the consensus estimate of $306.72 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue was up 61.0% compared to the same quarter last year.

KEM has been the topic of several analyst reports. ValuEngine upgraded shares of KEMET from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered shares of KEMET from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. KEMET currently has a consensus rating of “Hold” and a consensus price target of $19.58.

In other news, VP Claudio Lollini sold 10,000 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $17.95, for a total transaction of $179,500.00. Following the transaction, the vice president now owns 177,265 shares in the company, valued at approximately $3,181,906.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William M. Lowe, Jr. sold 18,900 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $18.47, for a total transaction of $349,083.00. Following the transaction, the chief financial officer now owns 408,732 shares in the company, valued at approximately $7,549,280.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,900 shares of company stock worth $1,784,733. 2.95% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in KEM. Victory Capital Management Inc. acquired a new position in KEMET in the 1st quarter valued at $109,000. Flinton Capital Management LLC acquired a new position in KEMET in the 4th quarter valued at $107,000. Financial Gravity Wealth Inc. acquired a new position in KEMET in the 1st quarter valued at $143,000. AdvisorNet Financial Inc grew its stake in KEMET by 59.2% in the 1st quarter. AdvisorNet Financial Inc now owns 9,750 shares of the electronics maker’s stock valued at $177,000 after buying an additional 3,625 shares during the last quarter. Finally, 6 Meridian acquired a new position in KEMET in the 1st quarter valued at $188,000. Institutional investors own 70.99% of the company’s stock.

KEM stock opened at $24.15 on Thursday. KEMET has a 12-month low of $12.65 and a 12-month high of $27.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.66. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 14.91 and a beta of 3.75.

About KEMET

KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.

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