Kemet Corporation (KEM) Getting Somewhat Favorable News Coverage, Analysis Finds

Headlines about Kemet Corporation (NYSE:KEM) have trended somewhat positive recently, Accern Sentiment reports. The research group 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 one, with scores closest to one being the most favorable. Kemet Corporation earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 44.6129459713375 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

Kemet Corporation (KEM) opened at 19.45 on Friday. The company has a market capitalization of $927.65 million, a P/E ratio of 4.03 and a beta of 3.60. The company has a 50-day moving average of $15.89 and a 200-day moving average of $12.48. Kemet Corporation has a 1-year low of $3.24 and a 1-year high of $19.79.

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, beating the consensus estimate of $0.18 by $0.15. The company 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. Equities analysts expect that Kemet Corporation will post $1.57 EPS for the current fiscal year.

KEM has been the subject of a number of research reports. BidaskClub raised shares of Kemet Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price target on shares of Kemet Corporation in a research note on Friday, July 14th. B. Riley reissued a “buy” rating and issued a $24.25 price target on shares of Kemet Corporation in a research note on Thursday, August 3rd. TheStreet raised shares of Kemet Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. 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 note on Thursday, May 4th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.08.

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In other Kemet Corporation news, insider Charles C. Meeks, Jr. sold 115,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $14.33, for a total value of $1,647,950.00. Following the completion of the sale, the insider now directly owns 372,393 shares of the company’s stock, valued at approximately $5,336,391.69. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Per Olof Loof sold 133,334 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $13.13, for a total transaction of $1,750,675.42. Following the completion of the sale, the chief executive officer now directly owns 1,101,976 shares of the company’s stock, valued at $14,468,944.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 374,590 shares of company stock valued at $5,416,557. 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.

Insider Buying and Selling by Quarter for Kemet Corporation (NYSE:KEM)

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