Media stories about Kemet Corporation (NYSE:KEM) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kemet Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 45.7844283604171 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- 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 (NYSE KEM) traded down 0.34% on Friday, hitting $20.26. The stock had a trading volume of 1,028,381 shares. Kemet Corporation has a 12-month low of $3.24 and a 12-month high of $21.39. The company’s 50 day moving average is $17.00 and its 200 day moving average is $12.96. The firm has a market cap of $966.28 million, a PE ratio of 4.20 and a beta of 3.60.
Kemet Corporation (NYSE:KEM) last released its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.15. Kemet Corporation had a return on equity of 20.21% and a net margin of 33.25%. The business had revenue of $274 million for the quarter, compared to analysts’ expectations of $282.52 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was up 48.2% compared to the same quarter last year. On average, equities research analysts expect that Kemet Corporation will post $1.57 EPS for the current fiscal year.
A number of research firms have recently weighed in on KEM. BidaskClub upgraded Kemet Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and set a $12.00 target price on shares of Kemet Corporation in a research note on Friday, July 14th. B. Riley reissued a “buy” rating and set a $24.25 target price on shares of Kemet Corporation in a research note on Thursday, August 3rd. TheStreet raised Kemet Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research raised Kemet Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, May 4th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Kemet Corporation currently has a consensus rating of “Buy” and a consensus price target of $18.08.
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In other Kemet Corporation news, CEO Per Olof Loof sold 133,334 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $13.13, for a total transaction of $1,750,675.42. Following the sale, the chief executive officer now owns 1,101,976 shares in the company, valued at $14,468,944.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $409,400.00. Following the sale, the director now owns 87,934 shares in the company, valued at approximately $1,800,008.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,668 shares of company stock worth $3,060,567. Insiders own 3.88% of the company’s stock.
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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