Kimball Electronics (NASDAQ:KE) Issues Quarterly Earnings Results

Kimball Electronics (NASDAQ:KE) released its earnings results on Wednesday. The electronics maker reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28, FiscalAI reports. Kimball Electronics had a net margin of 1.62% and a return on equity of 6.28%. The firm had revenue of $341.28 million for the quarter, compared to analysts’ expectations of $339.34 million.

Kimball Electronics Trading Down 1.1%

Shares of NASDAQ:KE opened at $30.72 on Thursday. The firm has a market capitalization of $747.72 million, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. The business’s 50 day moving average price is $29.55 and its 200-day moving average price is $27.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.21 and a quick ratio of 1.34. Kimball Electronics has a 1 year low of $12.41 and a 1 year high of $33.19.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. B. Riley restated a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Wall Street Zen raised shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Lake Street Capital reiterated a “buy” rating and issued a $32.00 target price on shares of Kimball Electronics in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a research note on Friday, January 9th. Finally, Zacks Research downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Institutional Investors Weigh In On Kimball Electronics

Large investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Kimball Electronics during the third quarter worth approximately $28,000. IFP Advisors Inc purchased a new stake in Kimball Electronics during the 3rd quarter valued at about $48,000. Raymond James Financial Inc. acquired a new stake in Kimball Electronics in the 2nd quarter valued at about $34,000. Tower Research Capital LLC TRC lifted its stake in Kimball Electronics by 197.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 1,901 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of Kimball Electronics during the 3rd quarter worth approximately $215,000. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.