KEMET (NYSE:KEM) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

KEMET (NYSE:KEM) announced its earnings results on Thursday. The electronics maker reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.11, Morningstar.com reports. KEMET had a net margin of 15.12% and a return on equity of 36.26%. The business had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $343.72 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis.

KEM stock traded up $0.20 during trading hours on Friday, reaching $21.48. The stock had a trading volume of 927,443 shares, compared to its average volume of 1,090,246. The company has a market capitalization of $1.23 billion, a PE ratio of 6.37 and a beta of 2.52. The company has a quick ratio of 1.44, a current ratio of 2.49 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average is $18.96. KEMET has a fifty-two week low of $15.55 and a fifty-two week high of $26.96.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Thursday, August 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, August 14th. KEMET’s dividend payout ratio is currently 5.93%.

In other KEMET news, SVP Ronald James Assaf sold 3,334 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $18.01, for a total value of $60,045.34. Following the completion of the sale, the senior vice president now owns 62,611 shares in the company, valued at $1,127,624.11. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shignori Oyama sold 3,102 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $16.88, for a total transaction of $52,361.76. Following the completion of the sale, the vice president now owns 142,473 shares of the company’s stock, valued at approximately $2,404,944.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,770 shares of company stock valued at $176,453. Corporate insiders own 1.76% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of KEM. Valeo Financial Advisors LLC acquired a new stake in shares of KEMET during the 1st quarter worth about $38,000. Nisa Investment Advisors LLC lifted its stake in shares of KEMET by 555.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the electronics maker’s stock worth $40,000 after buying an additional 2,000 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of KEMET during the 1st quarter worth about $42,000. NEXT Financial Group Inc acquired a new stake in shares of KEMET during the 2nd quarter worth about $59,000. Finally, Truvestments Capital LLC acquired a new stake in shares of KEMET during the 2nd quarter worth about $73,000. Institutional investors own 81.03% of the company’s stock.

KEM has been the subject of several recent research reports. ValuEngine cut shares of KEMET from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut shares of KEMET from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Finally, B. Riley increased their price target on shares of KEMET from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Friday.

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.

Further Reading: Average Daily Trade Volume Explained

Earnings History for KEMET (NYSE:KEM)

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