Kemet (KEM) Earning Somewhat Positive Media Coverage, Report Finds

Media stories about Kemet (NYSE:KEM) have trended somewhat positive on Friday, according to Accern Sentiment. The research group identifies negative and positive media 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 positive one, with scores nearest to one being the most favorable. Kemet earned a news impact score of 0.19 on Accern’s scale. Accern also gave news coverage about the electronics maker an impact score of 45.8574947217395 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of Kemet (KEM) opened at $16.89 on Friday. The stock has a market cap of $952.28, a PE ratio of 3.44 and a beta of 3.45. Kemet has a fifty-two week low of $6.64 and a fifty-two week high of $27.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.51 and a quick ratio of 1.73.

Kemet (NYSE:KEM) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $301.47 million for the quarter, compared to analyst estimates of $298.51 million. Kemet had a net margin of 31.16% and a return on equity of 21.07%. Kemet’s revenue was up 60.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. equities analysts predict that Kemet will post 1.44 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Kemet from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Kemet from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Friday, October 6th. B. Riley reissued a “buy” rating and set a $27.50 price target on shares of Kemet in a research report on Tuesday, October 31st. Finally, TheStreet cut shares of Kemet from a “b” rating to a “c” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.50.

In related news, CFO William M. Lowe, Jr. sold 21,903 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $16.08, for a total value of $352,200.24. Following the sale, the chief financial officer now directly owns 523,038 shares in the company, valued at approximately $8,410,451.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.88% of the stock is currently owned by insiders.

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About Kemet

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 (NYSE:KEM)

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