Media stories about Kemet Corporation (NYSE:KEM) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kemet Corporation earned a news impact score of 0.25 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 44.5706838522973 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- KEMET Corporation’s 180 Degree Transformation (seekingalpha.com)
- Contrasting Kemet Corporation (KEM) & Bel Fuse (BELFB) (americanbankingnews.com)
- Insider Selling: Kemet Corporation (KEM) Director Sells 20,000 Shares of Stock (americanbankingnews.com)
- A Glimpse Into Insider Trading And Ownership At KEMET Corporation (KEM) - Economic News (economicsandmoney.com)
- Zacks: Analysts Expect Kemet Corporation (KEM) Will Announce Quarterly Sales of $298.44 Million (americanbankingnews.com)
Kemet Corporation (KEM) opened at 20.26 on Friday. The company has a 50-day moving average of $17.00 and a 200 day moving average of $12.96. Kemet Corporation has a 52-week low of $3.24 and a 52-week high of $21.39. The firm has a market cap of $966.28 million, a price-to-earnings ratio of 4.20 and a beta of 3.60.
Kemet Corporation (NYSE:KEM) last released its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.15. The business had revenue of $274 million during the quarter, compared to analysts’ expectations of $282.52 million. Kemet Corporation had a net margin of 33.25% and a return on equity of 20.21%. The firm’s quarterly revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. On average, equities research analysts anticipate that Kemet Corporation will post $1.57 EPS for the current year.
Several research firms recently issued reports on KEM. BidaskClub raised shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. B. Riley reissued a “buy” rating and issued a $17.00 price target on shares of Kemet Corporation in a research report on Monday, May 15th. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price target on shares of Kemet Corporation in a research report on Friday, July 14th. Finally, Zacks Investment Research raised shares of Kemet Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Thursday, May 4th. One analyst has rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $18.08.
In related news, Director Wilfried Backes sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $20.47, for a total transaction of $409,400.00. Following the completion of the transaction, the director now directly owns 87,934 shares in the company, valued at approximately $1,800,008.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stefano Vetralla sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $18.70, for a total transaction of $168,300.00. Following the transaction, the vice president now owns 51,611 shares of the company’s stock, valued at $965,125.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,668 shares of company stock valued at $3,060,567. 3.88% of the stock is owned by corporate insiders.
Kemet Corporation Company Profile
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.
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