KEMET Co. (NYSE:KEM) Expected to Post Quarterly Sales of $292.43 Million

Wall Street brokerages expect KEMET Co. (NYSE:KEM) to announce $292.43 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for KEMET’s earnings, with the lowest sales estimate coming in at $291.80 million and the highest estimate coming in at $293.00 million. KEMET reported sales of $350.18 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.5%. The firm is expected to issue its next earnings report on Thursday, January 30th.

On average, analysts expect that KEMET will report full-year sales of $1.26 billion for the current financial year, with estimates ranging from $1.25 billion to $1.26 billion. For the next financial year, analysts forecast that the company will post sales of $1.25 billion, with estimates ranging from $1.21 billion to $1.27 billion. Zacks’ sales averages are an average based on a survey of research firms that cover KEMET.

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

KEM has been the subject of several research analyst reports. ValuEngine raised KEMET from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Zacks Investment Research lowered KEMET from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 20th. B. Riley lowered KEMET from a “buy” rating to a “hold” rating and decreased their target price for the company from $29.00 to $27.20 in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus lowered KEMET from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

A number of institutional investors and hedge funds have recently made changes to their positions in KEM. Public Employees Retirement System of Ohio increased its holdings in KEMET by 45.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,722 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 540 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in KEMET in the 3rd quarter worth about $37,000. Tower Research Capital LLC TRC increased its holdings in KEMET by 3,052.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,184 shares of the electronics maker’s stock worth $58,000 after acquiring an additional 3,083 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in KEMET in the 2nd quarter worth about $59,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in KEMET by 233.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,836 shares of the electronics maker’s stock worth $72,000 after acquiring an additional 2,685 shares during the last quarter. 91.57% of the stock is owned by institutional investors.

Shares of KEMET stock traded up $0.06 during trading hours on Friday, hitting $26.86. 2,047,269 shares of the company’s stock traded hands, compared to its average volume of 1,325,981. KEMET has a 12-month low of $15.55 and a 12-month high of $27.61. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 7.97 and a beta of 2.67. The company has a fifty day simple moving average of $24.36 and a 200-day simple moving average of $19.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.29.

About KEMET

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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