Revenue Update on KEMET Corporation(NYSE:KEM)

KEMET Corporation(NYSE:KEM) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $184.94M. Analysts estimated a revenue of $183.13M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.05.

In a different note, B. Riley said it Initiates Coverage on KEMET Corporation, according to a research note issued on May 23, 2016. The shares have been rated ‘Buy’ by the firm.

KEMET Corporation (KEM) made into the market gainers list on Thursdays trading session with the shares advancing 1.19% or 0.04 points. Due to strong positive momentum, the stock ended at $3.39, which is also near the day’s high of $3.4. The stock began the session at $3.39 and the volume stood at 55,068 shares. The 52-week high of the shares is $3.62 and the 52 week low is $1.26. The company has a current market capitalization of $157 M and it has 4,62,35,675 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, William M Jr Lowe (CFO) purchased 10,000 shares at $1.51 per share price.Also, 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.

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