News headlines about Kemet Corporation (NYSE:KEM) have trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of media 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 closest to one being the most favorable. Kemet Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 46.2818747652856 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Kemet Corporation (KEM) CFO Sells $352,200.24 in Stock (americanbankingnews.com)
- What Happened To Kemet? – Seeking Alpha (seekingalpha.com)
- An Eye on Volatility – KEMET Corporation, (NYSE: KEM) – Stock Watch (stocksnewstimes.com)
- Earnings Clues on: KEMET Corporation, (NYSE: KEM), NOW Inc., (NYSE: DNOW), NVIDIA Corporation, (NASDAQ … – Stocks In The News (press release) (tradingnewsnow.com)
- KEMET Provides FY18 Third Quarter Guidance; Comments on … – GlobeNewswire (press release) (globenewswire.com)
A number of brokerages have recently issued reports on KEM. Zacks Investment Research upgraded shares of Kemet Corporation from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Friday, October 6th. Stifel Nicolaus reiterated a “hold” rating and set a $12.00 target price on shares of Kemet Corporation in a research report on Friday, July 14th. BidaskClub lowered shares of Kemet Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $24.25 target price on shares of Kemet Corporation in a research report on Thursday, August 3rd. Finally, TheStreet upgraded shares of Kemet Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Kemet Corporation currently has a consensus rating of “Hold” and an average target price of $22.50.
Shares of Kemet Corporation (NYSE KEM) traded down $0.84 during midday trading on Friday, reaching $15.44. 2,702,900 shares of the company traded hands, compared to its average volume of 1,430,868. Kemet Corporation has a fifty-two week low of $3.96 and a fifty-two week high of $27.35. The firm has a market capitalization of $918.12, a price-to-earnings ratio of 16.79 and a beta of 3.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.51 and a quick ratio of 1.73.
Kemet Corporation (NYSE:KEM) last announced its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Kemet Corporation had a net margin of 31.16% and a return on equity of 21.07%. The business had revenue of $301.47 million for the quarter, compared to analyst estimates of $298.51 million. During the same period in the prior year, the business posted $0.13 earnings per share. Kemet Corporation’s revenue was up 60.9% compared to the same quarter last year. equities research analysts anticipate that Kemet Corporation will post 1.44 earnings per share for the current fiscal year.
In related news, CFO William M. Lowe, Jr. sold 21,903 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total value of $352,200.24. Following the transaction, the chief financial officer now directly owns 523,038 shares in the company, valued at $8,410,451.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank G. Brandenberg sold 11,525 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $23.12, for a total transaction of $266,458.00. Following the completion of the transaction, the director now owns 66,831 shares in the company, valued at $1,545,132.72. The disclosure for this sale can be found here. Insiders sold 54,428 shares of company stock worth $1,050,368 over the last 90 days. 3.88% of the stock is currently owned by company insiders.
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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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