Analysts forecast that KEMET Co. (NYSE:KEM) will announce $292.43 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for KEMET’s earnings, with estimates ranging from $291.80 million to $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 company is scheduled to report 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 year, analysts expect that the business will post sales of $1.25 billion, with estimates ranging from $1.21 billion to $1.27 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for KEMET.

KEMET (NYSE:KEM) last released its quarterly earnings data on Tuesday, November 12th. The electronics maker reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $327.40 million for the quarter, compared to the consensus estimate of $324.90 million. KEMET had a net margin of 11.56% and a return on equity of 32.53%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of KEMET from a “strong sell” rating to a “hold” rating in a research report on Wednesday. B. Riley lowered shares of KEMET from a “buy” rating to a “hold” rating and dropped their price target for the stock from $29.00 to $27.20 in a research report on Wednesday, November 13th. ValuEngine lowered shares of KEMET from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus lowered shares of KEMET from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Shares of NYSE:KEM traded down $0.05 during trading on Monday, reaching $26.65. The stock had a trading volume of 208,818 shares, compared to its average volume of 1,057,341. The business has a fifty day moving average price of $26.73 and a 200-day moving average price of $21.97. The company has a quick ratio of 1.29, a current ratio of 2.15 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.55 billion, a P/E ratio of 7.91 and a beta of 2.65. KEMET has a fifty-two week low of $15.87 and a fifty-two week high of $27.61.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in KEMET by 45.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,722 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 540 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of KEMET during the third quarter worth $37,000. Tower Research Capital LLC TRC raised its holdings in shares of KEMET by 3,052.5% during the third quarter. Tower Research Capital LLC TRC now owns 3,184 shares of the electronics maker’s stock worth $58,000 after purchasing an additional 3,083 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of KEMET by 233.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,836 shares of the electronics maker’s stock worth $72,000 after purchasing an additional 2,685 shares during the period. Finally, Factorial Partners LLC acquired a new stake in shares of KEMET during the second quarter worth $94,000. Institutional investors own 91.60% of the company’s stock.

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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