Zacks: Analysts Expect KEMET Co. (KEM) to Announce $0.93 EPS
Equities analysts forecast that KEMET Co. (NYSE:KEM) will post earnings of $0.93 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for KEMET’s earnings. The highest EPS estimate is $0.97 and the lowest is $0.91. KEMET reported earnings of $0.52 per share during the same quarter last year, which would suggest a positive year over year growth rate of 78.8%. The firm is expected to issue its next earnings report on Thursday, February 7th.
On average, analysts expect that KEMET will report full-year earnings of $3.34 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.40. For the next fiscal year, analysts forecast that the business will report earnings of $3.81 per share, with EPS estimates ranging from $3.61 to $4.07. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for KEMET.
KEMET (NYSE:KEM) last issued its earnings results on Tuesday, October 30th. The electronics maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.27. KEMET had a net margin of 7.18% and a return on equity of 27.21%. The firm had revenue of $349.20 million during the quarter, compared to the consensus estimate of $335.56 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis.
Shares of KEM stock traded down $0.27 during trading hours on Friday, hitting $18.40. 31,136 shares of the company were exchanged, compared to its average volume of 915,726. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. KEMET has a 52 week low of $15.55 and a 52 week high of $29.85. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 11.37 and a beta of 2.87.
In other KEMET news, SVP Ronald James Assaf sold 3,333 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $21.39, for a total value of $71,292.87. Following the transaction, the senior vice president now directly owns 80,556 shares in the company, valued at $1,723,092.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William M. Lowe, Jr. sold 100,000 shares of the company’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $18.99, for a total transaction of $1,899,000.00. Following the completion of the transaction, the chief financial officer now owns 255,332 shares in the company, valued at $4,848,754.68. The disclosure for this sale can be found here. Insiders have sold a total of 109,999 shares of company stock valued at $2,103,180 in the last ninety days. Insiders own 2.95% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Csenge Advisory Group bought a new stake in shares of KEMET in the third quarter valued at about $27,000. Meeder Asset Management Inc. boosted its position in shares of KEMET by 2,554.3% in the third quarter. Meeder Asset Management Inc. now owns 6,158 shares of the electronics maker’s stock valued at $113,000 after acquiring an additional 5,926 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of KEMET by 175.0% in the third quarter. Tower Research Capital LLC TRC now owns 6,547 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 4,166 shares during the period. Cerebellum GP LLC bought a new stake in shares of KEMET in the third quarter valued at about $172,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of KEMET by 74.6% in the third quarter. Canada Pension Plan Investment Board now owns 10,300 shares of the electronics maker’s stock valued at $191,000 after acquiring an additional 4,400 shares during the period. 79.58% of the stock is owned by institutional investors.
KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.
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