KEMET Co. (NYSE:KEM) declared a quarterly dividend on Tuesday, October 30th, RTT News reports. Shareholders of record on Friday, November 16th will be given a dividend of 0.05 per share by the electronics maker on Monday, November 26th. This represents a $0.20 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, November 15th.

KEMET has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect KEMET to earn $3.51 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.7%.

KEMET stock opened at $21.74 on Friday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 10.42 and a beta of 3.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.77 and a current ratio of 2.60. KEMET has a 52 week low of $13.73 and a 52 week high of $29.85.

KEMET (NYSE:KEM) last released its earnings results on Tuesday, October 30th. The electronics maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.27. The firm had revenue of $349.20 million for the quarter, compared to analysts’ expectations of $335.56 million. KEMET had a net margin of 7.18% and a return on equity of 27.21%. KEMET’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. As a group, research analysts forecast that KEMET will post 3.16 earnings per share for the current year.

In other news, SVP Ronald James Assaf sold 3,333 shares of KEMET stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $18.40, for a total value of $61,327.20. Following the transaction, the senior vice president now owns 86,722 shares of the company’s stock, valued at approximately $1,595,684.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Per Olof Loof sold 10,000 shares of KEMET stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $25.40, for a total transaction of $254,000.00. Following the completion of the transaction, the chief executive officer now directly owns 888,992 shares in the company, valued at approximately $22,580,396.80. The disclosure for this sale can be found here. Insiders sold a total of 19,999 shares of company stock worth $471,612 in the last ninety days. Corporate insiders own 2.95% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of KEMET from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, July 19th. Macquarie assumed coverage on shares of KEMET in a research note on Monday, October 8th. They set an “outperform” rating on the stock. ValuEngine cut shares of KEMET from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 27th. Finally, B. Riley raised their target price on shares of KEMET and gave the company a “buy” rating in a research note on Thursday, July 26th.

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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.

Further Reading: Book Value Per Share – BVPS

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