Zacks: Brokerages Anticipate KEMET Co. (NYSE:KEM) Will Announce Earnings of $0.36 Per Share

Wall Street analysts expect KEMET Co. (NYSE:KEM) to report earnings of $0.36 per share for the current quarter, Zacks reports. Three analysts have issued estimates for KEMET’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.34. KEMET posted earnings of $1.07 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 66.4%. The firm is scheduled to report its next quarterly earnings report on Thursday, January 30th.

According to Zacks, analysts expect that KEMET will report full-year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.28. For the next fiscal year, analysts anticipate that the business will post earnings of $1.97 per share, with EPS estimates ranging from $1.78 to $2.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow KEMET.

KEMET (NYSE:KEM) last announced its quarterly earnings data on Tuesday, November 12th. The electronics maker reported $0.66 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. KEMET had a net margin of 11.56% and a return on equity of 32.53%. The company had revenue of $327.40 million during the quarter, compared to analysts’ expectations of $324.90 million. During the same period in the previous year, the company earned $0.87 EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year.

Several analysts have recently issued reports on KEM shares. ValuEngine raised shares of KEMET from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Stifel Nicolaus cut shares of KEMET from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. B. Riley cut shares of KEMET from a “buy” rating to a “hold” rating and lowered their price objective for the company from $29.00 to $27.20 in a research note on Wednesday, November 13th. Finally, Zacks Investment Research cut shares of KEMET from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 20th.

Shares of NYSE KEM traded up $0.06 during trading on Wednesday, hitting $26.86. 2,047,269 shares of the company traded hands, compared to its average volume of 1,325,981. KEMET has a 1 year low of $15.55 and a 1 year high of $27.61. The company has a 50-day moving average price of $24.36 and a 200-day moving average price of $19.94. The firm has a market capitalization of $1.55 billion, a P/E ratio of 7.97 and a beta of 2.67. The company has a quick ratio of 1.29, a current ratio of 2.15 and a debt-to-equity ratio of 0.42.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of KEMET by 1.2% during the 2nd quarter. BlackRock Inc. now owns 8,388,424 shares of the electronics maker’s stock valued at $157,786,000 after acquiring an additional 97,450 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of KEMET by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,628,077 shares of the electronics maker’s stock valued at $68,244,000 after acquiring an additional 13,300 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of KEMET by 31.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,188,526 shares of the electronics maker’s stock valued at $41,166,000 after acquiring an additional 525,793 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of KEMET by 29.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,824,397 shares of the electronics maker’s stock valued at $33,168,000 after acquiring an additional 410,497 shares in the last quarter. Finally, Raging Capital Management LLC lifted its holdings in shares of KEMET by 22.7% during the 3rd quarter. Raging Capital Management LLC now owns 1,162,443 shares of the electronics maker’s stock valued at $21,133,000 after acquiring an additional 215,156 shares in the last quarter. 91.57% of the stock is owned by institutional investors.

KEMET Company Profile

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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Earnings History and Estimates for KEMET (NYSE:KEM)

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