Kimball Electronics, Inc. (NASDAQ:KE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

Several analysts have weighed in on KE shares. Zacks Research raised Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. KeyCorp initiated coverage on Kimball Electronics in a research note on Thursday, July 2nd. They issued a “sector weight” rating for the company. Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th.

Kimball Electronics Stock Performance

Shares of NASDAQ:KE opened at $24.86 on Monday. The company has a market cap of $597.88 million, a PE ratio of 23.90, a P/E/G ratio of 1.10 and a beta of 1.22. The company’s 50-day moving average price is $25.11 and its 200 day moving average price is $25.83. Kimball Electronics has a fifty-two week low of $18.04 and a fifty-two week high of $33.19. 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 (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%.The business had revenue of $352.92 million for the quarter, compared to analyst estimates of $356.27 million. Sell-side analysts anticipate that Kimball Electronics will post 1.27 earnings per share for the current year.

Hedge Funds Weigh In On Kimball Electronics

Large investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC lifted its stake in shares of Kimball Electronics by 37.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 133,860 shares of the electronics maker’s stock worth $3,427,000 after acquiring an additional 36,621 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Kimball Electronics during the second quarter valued at approximately $200,000. Parallel Advisors LLC raised its holdings in Kimball Electronics by 122.8% during the first quarter. Parallel Advisors LLC now owns 2,324 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 1,281 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Kimball Electronics by 74.6% during the first quarter. NewEdge Advisors LLC now owns 187,186 shares of the electronics maker’s stock worth $4,434,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Kimball Electronics by 82.7% in the first quarter. Empowered Funds LLC now owns 215,283 shares of the electronics maker’s stock worth $5,100,000 after purchasing an additional 97,459 shares during the period. Institutional investors and hedge funds own 75.99% of the company’s stock.

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.