Media stories about KEMET (NYSE:KEM) have trended positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. KEMET earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 46.3832127148361 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- KEMET (KEM) Upgraded by ValuEngine to “Buy” (americanbankingnews.com)
- B. Riley Boosts KEMET (KEM) Price Target to $24.75 (americanbankingnews.com)
- Capacitors in Renewable Energy Systems Market Overview, Industry Landscape & Opportunities 2021 – Digital Journal (digitaljournal.com)
- Cypress Capital Management LLC (WY) Buys Micron Technology Inc, The Chemours Co, Boise Cascade Co, Sells … – GuruFocus.com (gurufocus.com)
- KEMET Announces Chinese Manufacturing Joint Venture – GlobeNewswire (press release) (globenewswire.com)
Several brokerages recently issued reports on KEM. B. Riley boosted their price target on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a research note on Friday. ValuEngine upgraded KEMET from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut KEMET from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, TheStreet cut KEMET from a “b” rating to a “c” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $19.58.
Shares of KEMET (NYSE KEM) opened at $17.37 on Tuesday. 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 12 month low of $7.58 and a 12 month high of $27.35. The firm has a market capitalization of $979.35, a price-to-earnings ratio of 3.54 and a beta of 3.63.
KEMET (NYSE:KEM) last released its earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, topping 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 firm had revenue of $306.40 million during the quarter, compared to analysts’ expectations of $295.68 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 63.0% on a year-over-year basis. equities analysts anticipate that KEMET will post 1.45 EPS for the current fiscal year.
In other KEMET news, Director Joseph Vincent Borruso sold 20,332 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $20.00, for a total transaction of $406,640.00. Following the completion of the sale, the director now directly owns 70,134 shares in the company, valued at $1,402,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.88% of the stock is owned by corporate 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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