$340.37 Million in Sales Expected for KEMET Co. (KEM) This Quarter

Analysts expect KEMET Co. (NYSE:KEM) to post $340.37 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for KEMET’s earnings, with estimates ranging from $340.00 million to $340.80 million. KEMET reported sales of $318.05 million during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, May 16th.

On average, analysts expect that KEMET will report full year sales of $1.37 billion for the current financial year. For the next year, analysts forecast that the business will post sales of $1.39 billion, with estimates ranging from $1.36 billion to $1.41 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for KEMET.

KEM has been the topic of several research reports. ValuEngine downgraded shares of KEMET from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Zacks Investment Research downgraded shares of KEMET from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. Finally, B. Riley restated a “buy” rating on shares of KEMET in a research note on Thursday, May 9th.

Shares of KEM stock traded up $0.59 on Tuesday, hitting $16.91. The company’s stock had a trading volume of 1,470,941 shares, compared to its average volume of 1,079,672. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 2.39. KEMET has a fifty-two week low of $15.55 and a fifty-two week high of $29.85. The company has a market capitalization of $965.67 million, a PE ratio of 10.44 and a beta of 2.63.

In other KEMET news, SVP Ronald James Assaf sold 3,334 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $18.01, for a total transaction of $60,045.34. Following the sale, the senior vice president now directly owns 63,390 shares in the company, valued at $1,141,653.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles C. Meeks, Jr. sold 20,000 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $19.01, for a total transaction of $380,200.00. Following the sale, the insider now owns 88,777 shares in the company, valued at $1,687,650.77. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock worth $1,125,233 over the last 90 days. 2.95% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Marshall Wace North America L.P. grew its stake in KEMET by 12.9% during the first quarter. Marshall Wace North America L.P. now owns 166,812 shares of the electronics maker’s stock worth $2,831,000 after buying an additional 19,107 shares in the last quarter. Anderson Fisher LLC acquired a new stake in KEMET during the first quarter worth about $92,000. Palouse Capital Management Inc. acquired a new stake in KEMET during the first quarter worth about $201,000. Vivaldi Asset Management LLC acquired a new stake in KEMET during the first quarter worth about $1,609,000. Finally, The Manufacturers Life Insurance Company grew its stake in KEMET by 7.0% during the first quarter. The Manufacturers Life Insurance Company now owns 36,400 shares of the electronics maker’s stock worth $618,000 after buying an additional 2,388 shares in the last quarter. Hedge funds and other institutional investors own 81.71% of the company’s stock.

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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