KEMET Corporation (KEM) Releases Earnings Results, Misses Expectations By $-0.03 EPS

KEMET Corporation (KEM) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.07. The company posted revenue of $183.93 million in the period, compared to analysts expectations of $180.81 million. The company’s revenue was down -5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

KEMET Corporation opened for trading at $2.43 and hit $2.45 on the upside on Monday, eventually ending the session at $2.33, with a gain of 0.43% or 0.01 points. The heightened volatility saw the trading volume jump to 63,597 shares. Company has a market cap of $107 M.

In a different news, on Feb 3, 2016, William M Jr Lowe (CFO) purchased 10,000 shares at $1.51 per share price. According to the SEC, on Aug 26, 2015, Joseph Vincent Borruso (director) purchased 5,000 shares at $1.64 per share price. On Aug 13, 2015, Robert G Paul (director) purchased 5,000 shares at $1.99 per share price, according to the Form-4 filing with the securities and exchange commission.

KEMET Corporation (KEMET) is a global manufacturer of passive electronic capacitors. The Company operates in two segments: Solid Capacitors and Film and Electrolytic. The Solid Capacitors segment operates in nine manufacturing sites in the United States Mexico and China. The Solid Capacitors segment primarily produces tantalum aluminum polymer and ceramic capacitors which are sold globally. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors. Film and Electrolytic segment operates 13 manufacturing sites throughout Europe Asia Mexico and the United States and produces film paper and electrolytic capacitors which are sold globally. It offers products to a range of customers including computing telecommunications consumer medical military automotive and general industries among others.

KEMET Corporation

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