Kemet Corporation (NYSE:KEM) issued its quarterly earnings data on Thursday. The electronics maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02, Bloomberg Earnings reports. The firm had revenue of $301.47 million during the quarter, compared to the consensus estimate of $298.51 million. Kemet Corporation had a net margin of 31.16% and a return on equity of 21.07%. The company’s quarterly revenue was up 60.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share.

Kemet Corporation (NYSE KEM) traded down $8.28 during mid-day trading on Friday, reaching $16.54. 6,606,950 shares of the company were exchanged, compared to its average volume of 2,830,000. Kemet Corporation has a 12 month low of $3.60 and a 12 month high of $27.35. The company has a market capitalization of $932.55 million, a P/E ratio of 16.47 and a beta of 3.65. The company has a current ratio of 2.51, a quick ratio of 1.69 and a debt-to-equity ratio of 0.75.

In other Kemet Corporation news, Director Frank G. Brandenberg sold 11,525 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $23.12, for a total transaction of $266,458.00. Following the completion of the transaction, the director now owns 66,831 shares of the company’s stock, valued at $1,545,132.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wilfried Backes sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $20.47, for a total transaction of $409,400.00. Following the transaction, the director now directly owns 87,934 shares of the company’s stock, valued at approximately $1,800,008.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,525 shares of company stock valued at $1,433,168. 3.88% of the stock is owned by insiders.

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Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Kemet Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Friday, October 6th. BidaskClub raised shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price target on shares of Kemet Corporation in a research note on Friday, July 14th. B. Riley reissued a “buy” rating and issued a $24.25 price target on shares of Kemet Corporation in a research note on Thursday, August 3rd. Finally, TheStreet raised shares of Kemet Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.50.

About Kemet Corporation

KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.

Earnings History for Kemet Corporation (NYSE:KEM)

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