Kemet Corporation (KEM) Receives Media Sentiment Score of 0.16
Media headlines about Kemet Corporation (NYSE:KEM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kemet Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the electronics maker an impact score of 89 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Kemet Corporation (KEM) Raised to Strong-Buy at Zacks Investment Research (americanbankingnews.com)
- Kemet Corporation (KEM) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- Stock Performance Check on Shares of Kemet Corporation (NYSE:KEM) – Jonesboro Recorder (jonesbororecorder.com)
- Brokerages Anticipate Kemet Corporation (NYSE:KEM) to Post $0.18 Earnings Per Share (americanbankingnews.com)
- KEMET Broadens Automotive Applications Where the Benefits of Polymer Electrolytics Can Be Utilized – GlobeNewswire (press release) (globenewswire.com)
Kemet Corporation (KEM) traded up 0.75% during mid-day trading on Monday, hitting $16.19. The stock had a trading volume of 810,335 shares. The stock has a market capitalization of $769.11 million, a P/E ratio of 18.61 and a beta of 3.54. The company’s 50 day moving average is $13.59 and its 200-day moving average is $10.45. Kemet Corporation has a 52 week low of $3.19 and a 52 week high of $16.45.
Kemet Corporation (NYSE:KEM) last released its quarterly earnings data on Wednesday, May 10th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Kemet Corporation had a return on equity of 19.23% and a net margin of 6.33%. The company had revenue of $197.52 million for the quarter, compared to analyst estimates of $191.73 million. During the same period in the previous year, the company posted $0.04 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts expect that Kemet Corporation will post $0.97 EPS for the current fiscal year.
Several research analysts have weighed in on KEM shares. B. Riley reiterated a “buy” rating and set a $13.50 price objective on shares of Kemet Corporation in a research report on Wednesday, May 10th. Zacks Investment Research upgraded Kemet Corporation from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Friday. Stifel Nicolaus increased their target price on Kemet Corporation from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Tuesday, May 2nd. Finally, BidaskClub raised Kemet Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.67.
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In related news, CFO William M. Lowe, Jr. sold 68,422 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $14.36, for a total transaction of $982,539.92. Following the sale, the chief financial officer now directly owns 616,035 shares in the company, valued at approximately $8,846,262.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Per Olof Loof sold 133,334 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $13.13, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 326,256 shares of company stock worth $4,516,065. 3.88% of the stock is currently 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.
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