Kimball Electronics, Inc. (NASDAQ:KE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $32.00.

Several equities research analysts have issued reports on KE shares. Weiss Ratings raised shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. KeyCorp assumed coverage on Kimball Electronics in a report on Thursday. They issued a “sector weight” rating for the company. Zacks Research raised Kimball Electronics from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Wall Street Zen raised Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st.

Kimball Electronics Price Performance

KE opened at $25.71 on Thursday. The business has a fifty day moving average of $25.63 and a 200 day moving average of $26.31. The stock has a market cap of $618.33 million, a P/E ratio of 24.72, a PEG ratio of 1.06 and a beta of 1.22. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Kimball Electronics has a 52-week low of $18.04 and a 52-week high of $33.19.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $352.92 million for the quarter, compared to the consensus estimate of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. As a group, sell-side analysts anticipate that Kimball Electronics will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Kimball Electronics by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 1,995,742 shares of the electronics maker’s stock valued at $55,522,000 after purchasing an additional 48,456 shares in the last quarter. American Century Companies Inc. increased its holdings in Kimball Electronics by 19.9% during the third quarter. American Century Companies Inc. now owns 837,443 shares of the electronics maker’s stock valued at $25,006,000 after buying an additional 139,029 shares during the period. Geode Capital Management LLC raised its stake in Kimball Electronics by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 677,488 shares of the electronics maker’s stock worth $18,852,000 after buying an additional 6,586 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Kimball Electronics by 13.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 515,409 shares of the electronics maker’s stock worth $14,339,000 after buying an additional 59,446 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Kimball Electronics by 16.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 479,220 shares of the electronics maker’s stock valued at $14,310,000 after acquiring an additional 67,299 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Company Profile

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.