Media coverage about Kemet (NYSE:KEM) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kemet earned a news impact score of 0.11 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 45.801816418678 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
A number of brokerages recently commented on KEM. Zacks Investment Research upgraded Kemet from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine downgraded Kemet from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. TheStreet cut Kemet from a “b” rating to a “c” rating in a research note on Thursday, November 2nd. Finally, B. Riley reissued a “buy” rating and issued a $27.50 target price on shares of Kemet in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.50.
Shares of Kemet (NYSE:KEM) opened at $16.89 on Friday. The company has a market capitalization of $952.28, a price-to-earnings ratio of 3.44 and a beta of 3.45. The company has a current ratio of 2.51, a quick ratio of 1.73 and a debt-to-equity ratio of 0.75. Kemet has a 12-month low of $6.64 and a 12-month high of $27.35.
Kemet (NYSE:KEM) last announced its earnings results on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $301.47 million for the quarter, compared to analysts’ expectations of $298.51 million. Kemet had a return on equity of 21.07% and a net margin of 31.16%. The business’s revenue for the quarter was up 60.9% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. research analysts predict that Kemet will post 1.44 EPS for the current fiscal year.
In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total value of $352,200.24. Following the transaction, the chief financial officer now owns 523,038 shares of the company’s stock, valued at $8,410,451.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.88% of the stock is owned by company insiders.
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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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