Somewhat Positive News Coverage Somewhat Unlikely to Affect KEMET (KEM) Share Price

Media stories about KEMET (NYSE:KEM) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KEMET earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 44.4642577565637 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

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KEM has been the topic of a number of recent analyst reports. B. Riley boosted their price target on KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a research report on Friday, February 2nd. ValuEngine raised KEMET from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded KEMET from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.58.

Shares of NYSE KEM opened at $18.37 on Tuesday. The company has a market cap of $1,068.14, a price-to-earnings ratio of 52.49 and a beta of 3.61. 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 twelve month low of $10.83 and a twelve month high of $27.35.

KEMET (NYSE:KEM) last posted its earnings results on Thursday, February 1st. The electronics maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The company had revenue of $306.40 million for the quarter, compared to the consensus estimate of $295.68 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 63.0% on a year-over-year basis. analysts anticipate that KEMET will post 1.62 earnings per share for the current fiscal year.

In other news, Director Joseph Vincent Borruso sold 20,332 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $20.00, for a total value of $406,640.00. Following the transaction, the director now owns 70,134 shares of the company’s stock, valued at $1,402,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gurminder S. Bedi sold 24,999 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $20.07, for a total value of $501,729.93. Following the completion of the transaction, the director now directly owns 81,201 shares in the company, valued at approximately $1,629,704.07. The disclosure for this sale can be found here. Insiders sold 165,531 shares of company stock worth $3,036,021 in the last ninety days. 3.88% of the stock is owned by company insiders.

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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.

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

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