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KEM

Kemet

$3.58

-0.07 (-1.92%)

16:33
10/11/16
10/11
16:33
10/11/16
16:33

Kemet announces additional gross margin improvement action

KEMET Corporation announced that, in a continuance of its effort to further improve gross margins, earnings, and cash flow, it is undertaking the following action: The Solid Capacitors group will modify its vertical integration strategy by relocating its K-Salt facility equipment to its existing Matamoros Mexico plant. The company expects to achieve annual operating cost savings of approximately $3.5M-$4.0M and improve annual working capital by approximately $8.0M with improvements beginning in Q4 of FY17. Non-cash impairment charges of approximately $2.1M, cash severance charges of approximately $0.2M, and cash charges for equipment relocation costs of approximately $1.2M are expected. The company will incur charges in Q2 ending September 30, with the exception of the equipment relocation costs that are expected to be incurred in Q3 of FY17.

KEM Kemet
$3.58

-0.07 (-1.92%)

05/23/16
RILY
05/23/16
INITIATION
Target $4.75
RILY
Buy
Kemet initiated with a Buy at B. Riley
B. Riley analyst Josh Nichols started Kemet with a Buy rating and $4.75 price target. The company is a leading producer of capacitors with an improving cost structure, Nichols tells investors in a research note.
05/23/16
05/23/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Red Rock Resorts (RRR) initiated with a Buy at BofA/Merrill, Deutsche Bank and Stifel as analysts said it will benefit from a Las Vegas Locals recovery and from a dominant market position. The company was also initiated with an Overweight at JPMorgan and a Neutral at Goldman. 2. Kemet (KEM) initiated with a Buy at B. Riley by analyst Josh Nichols, who said the company is a leading producer of capacitors with an improving cost structure. 3. Intuit (INTU) initiated with a Buy at Goldman based on expectations of Quickbooks market expansion and ARPU decline stabilization leading to Small Business growth and profitability. 4. NetSuite (N) initiated with a Sell at Goldman by analyst Jesse Hulsing, who said Street estimates imply a reacceleration in bookings growth, which he questions given 2015 productivity declines and increasing competition. 5. Oshkosh (OSK) initiated with a Neutral at Macquarie with analyst Sameer Rathod saying shares are fairly valued at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ITCI

Intra-Cellular

16:02
09/26/17
09/26
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16:02
Syndicate
Intra-Cellular files to sell $150M in common stock »

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  • 26

    Sep

MU

Micron

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16:01
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Earnings
Micron reports Q4 EPS $2.02 , consensus $1.84 »

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  • 26

    Sep

SIEGY

Siemens

$68.96

-0.81 (-1.16%)

, ALSMY

Alstom

$3.91

-0.045 (-1.14%)

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SIEGY

Siemens

$68.96

-0.81 (-1.16%)

ALSMY

Alstom

$3.91

-0.045 (-1.14%)

GE

General Electric

$24.97

-0.145 (-0.58%)

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  • 02

    Oct

HII

Huntington Ingalls

$222.73

2.25 (1.02%)

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Huntington Ingalls partners with Ivis to develop compliance software »

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JD

JD.com

$40.93

-1.44 (-3.40%)

15:50
09/26/17
09/26
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Options
JD options volume is 2.5X daily average and calls outpace puts 4:1 »

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NVDA

Nvidia

$171.00

-8 (-4.47%)

, INTC

Intel

$37.16

-0.02 (-0.05%)

15:42
09/26/17
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Periodicals
Breaking Periodicals news story on Nvidia, Intel, Tesla »

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NVDA

Nvidia

$171.00

-8 (-4.47%)

INTC

Intel

$37.16

-0.02 (-0.05%)

TSLA

Tesla

$344.99

-6.1 (-1.74%)

03/08/13
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  • 02

    Oct

  • 05

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    Oct

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    Oct

AMZN

Amazon.com

$939.79

-15.31 (-1.60%)

, TWLO

Twilio

$28.86

-0.615 (-2.09%)

15:38
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Amazon discussses launch of AWS Global SMS two-way text messaging »

Amazon's (AMZN)…

AMZN

Amazon.com

$939.79

-15.31 (-1.60%)

TWLO

Twilio

$28.86

-0.615 (-2.09%)

03/08/13
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  • 03

    Oct

  • 08

    Oct

  • 22

    Oct

LNDC

Landec

$11.95

-0.3 (-2.45%)

15:34
09/26/17
09/26
15:34
09/26/17
15:34
Options
Landec options imply 12.6% move in share price post-earnings, above median historical move »

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  • 27

    Sep

T

AT&T

$38.80

-0.32 (-0.82%)

15:30
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09/26
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Periodicals
AT&T's DirecTV to allow 'some' refunds after anthem strife, WSJ says »

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  • 24

    Oct

  • 29

    Nov

AMJ

American Medical Laboratories Inc

$28.50

0.01 (0.04%)

15:30
09/26/17
09/26
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Options
Alerian MLP attracts a bullish option play »

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ABBV

AbbVie

$85.47

-1.105 (-1.28%)

15:27
09/26/17
09/26
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AbbVie says will take one single digit price increase for 2018 »

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  • 27

    Sep

  • 08

    Nov

STZ

Constellation Brands, also tag STZ.B

$200.37

-0.24 (-0.12%)

15:25
09/26/17
09/26
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Options
Constellation Brands call volume above normal and directionally bullish »

Bullish option flow…

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  • 05

    Oct

$NSD

NASDAQ Market Internals

15:17
09/26/17
09/26
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

15:16
09/26/17
09/26
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Technical Analysis
NYSE market internals summary »

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15:15
09/26/17
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General news
Treasury Closing Summary: »

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AAPL

Apple

$150.55

-1.34 (-0.88%)

, AMZN

Amazon.com

$939.79

-15.31 (-1.60%)

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Periodicals
Apple TV back on Amazon after two-year hiatus, TechCrunch reports »

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AAPL

Apple

$150.55

-1.34 (-0.88%)

AMZN

Amazon.com

$939.79

-15.31 (-1.60%)

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  • 03

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  • 22

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GEC

Great Elm Capital

$3.60

-0.1 (-2.70%)

15:05
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Breaking Hot Stocks news story on Great Elm Capital  »

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CTAS

Cintas

$136.87

0.22 (0.16%)

15:04
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Options
Cintas options imply 6.1% move in share price post-earnings, above median historical move »

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  • 26

    Sep

LNEGY

Linde

$19.40

-0.31 (-1.57%)

, PX

Praxair

$138.77

1.07 (0.78%)

15:02
09/26/17
09/26
15:02
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15:02
Conference/Events
Praxair to host special shareholder meeting »

Special Shareholder…

LNEGY

Linde

$19.40

-0.31 (-1.57%)

PX

Praxair

$138.77

1.07 (0.78%)

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  • 27

    Sep

ALXN

Alexion

$143.96

1.14 (0.80%)

14:55
09/26/17
09/26
14:55
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14:55
Options
Alexion put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 27

    Sep

  • 23

    Oct

BXS

BancorpSouth

$31.05

0.3 (0.98%)

14:51
09/26/17
09/26
14:51
09/26/17
14:51
Conference/Events
BancorpSouth to host special shareholder meeting »

Special Shareholder…

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MU

Micron

$34.87

-1.2 (-3.33%)

14:49
09/26/17
09/26
14:49
09/26/17
14:49
Options
Micron options imply 11.2% move in share price post-earnings, above median historical move »

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  • 26

    Sep

ASND

Ascendis Pharma

$36.13

1.89 (5.52%)

14:48
09/26/17
09/26
14:48
09/26/17
14:48
Recommendations
Ascendis Pharma analyst commentary  »

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HZNP

Horizon Pharma

$12.17

-0.15 (-1.22%)

14:43
09/26/17
09/26
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14:43
Hot Stocks
Horizon Pharma slides after patent claims ruled unpatentable »

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PMD

Psychemedics

$17.43

-0.83 (-4.55%)

14:38
09/26/17
09/26
14:38
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14:38
Hot Stocks
Psychemedics announces addition of FDA-cleared Benzodiazepines hair test »

Psychemedics Corporation…

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