News headlines about KEMET (NYSE:KEM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. KEMET earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the electronics maker an impact score of 44.5688033939367 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
Shares of NYSE:KEM opened at $17.30 on Friday. The firm has a market cap of $990.03, a PE ratio of 49.43 and a beta of 3.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.74 and a current ratio of 2.49. KEMET has a 1 year low of $10.79 and a 1 year high of $27.35.
KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. The firm had revenue of $306.40 million for the quarter, compared to the consensus estimate of $295.68 million. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The company’s quarterly revenue was up 63.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. research analysts predict that KEMET will post 1.62 earnings per share for the current fiscal year.
Several research firms have commented on KEM. Zacks Investment Research downgraded KEMET from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded KEMET from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, B. Riley boosted their target price on KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. KEMET has an average rating of “Hold” and an average price target of $19.58.
In other news, CFO William M. Lowe, Jr. sold 24,700 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $16.93, for a total transaction of $418,171.00. Following the transaction, the chief financial officer now directly owns 461,570 shares of the company’s stock, valued at $7,814,380.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Vincent Borruso sold 20,332 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $20.00, for a total value of $406,640.00. Following the transaction, the director now directly owns 70,134 shares in the company, valued at $1,402,680. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,531 shares of company stock worth $3,036,021. Corporate insiders own 3.88% of the company’s stock.
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KEMET Company Profile
KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.
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