Equities research analysts predict that KEMET Co. (NYSE:KEM) will announce sales of $342.13 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for KEMET’s earnings. The highest sales estimate is $343.20 million and the lowest is $340.00 million. KEMET reported sales of $327.62 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, August 1st.
According to Zacks, analysts expect that KEMET will report full-year sales of $1.39 billion for the current financial year, with estimates ranging from $1.34 billion to $1.43 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.45 billion, with estimates ranging from $1.38 billion to $1.49 billion. Zacks’ sales averages are an average based on a survey of analysts that cover KEMET.
KEMET (NYSE:KEM) last released its quarterly earnings data on Thursday, May 16th. The electronics maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.08. KEMET had a return on equity of 36.66% and a net margin of 14.94%. The company had revenue of $355.79 million for the quarter, compared to analyst estimates of $341.19 million. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue was up 11.9% compared to the same quarter last year.
Shares of KEM stock traded up $0.33 during trading hours on Monday, hitting $19.31. The company had a trading volume of 1,275,133 shares, compared to its average volume of 768,075. KEMET has a 12 month low of $15.55 and a 12 month high of $29.40. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 5.73 and a beta of 2.56. The stock’s fifty day moving average is $17.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.31 and a quick ratio of 1.44.
In related news, VP Shignori Oyama sold 3,102 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $16.88, for a total transaction of $52,361.76. Following the sale, the vice president now directly owns 142,473 shares in the company, valued at approximately $2,404,944.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ronald James Assaf sold 3,334 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $19.21, for a total value of $64,046.14. Following the sale, the senior vice president now owns 59,277 shares in the company, valued at $1,138,711.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,104 shares of company stock worth $236,499. 1.76% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC bought a new position in KEMET in the 1st quarter valued at $38,000. Nisa Investment Advisors LLC boosted its position in KEMET by 555.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the electronics maker’s stock valued at $40,000 after buying an additional 2,000 shares during the last quarter. Centaurus Financial Inc. bought a new position in KEMET in the 1st quarter valued at $42,000. NEXT Financial Group Inc bought a new position in KEMET in the 2nd quarter valued at $59,000. Finally, Truvestments Capital LLC bought a new position in KEMET in the 2nd quarter valued at $73,000. Institutional investors and hedge funds own 80.47% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KEMET Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KEMET and related companies with MarketBeat.com's FREE daily email newsletter.