KEMET (NYSE:KEM) posted its earnings results on Tuesday. The electronics maker reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66, Briefing.com reports. The business had revenue of $327.40 million for the quarter, compared to analyst estimates of $324.90 million. KEMET had a net margin of 11.56% and a return on equity of 32.96%. KEMET’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 EPS.
KEM stock traded up $0.07 during midday trading on Thursday, reaching $26.23. The company had a trading volume of 7,855 shares, compared to its average volume of 1,080,959. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.49 and a quick ratio of 1.55. KEMET has a 1 year low of $15.55 and a 1 year high of $26.24. The company has a market capitalization of $1.34 billion, a P/E ratio of 7.78 and a beta of 2.57. The firm has a 50-day moving average price of $21.40 and a 200-day moving average price of $19.04.
A number of analysts recently weighed in on KEM shares. B. Riley lowered shares of KEMET from a “buy” rating to a “hold” rating and decreased their target price for the stock from $29.00 to $27.20 in a report on Wednesday. ValuEngine raised shares of KEMET from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Stifel Nicolaus lowered shares of KEMET from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research lowered shares of KEMET from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th.
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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