Kimball Electronics (NASDAQ:KE) Announces Quarterly Earnings Results

by · The Markets Daily

Kimball Electronics (NASDAQ:KE – Get Free Report) released its quarterly earnings results on Wednesday. The electronics maker reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.15), FiscalAI reports. The company had revenue of $390.80 million for the quarter, compared to the consensus estimate of $387.20 million. Kimball Electronics had a net margin of 1.95% and a return on equity of 4.41%.

Kimball Electronics Price Performance

KE traded down $0.85 during trading hours on Wednesday, hitting $25.86. The company’s stock had a trading volume of 189,125 shares, compared to its average volume of 181,423. The business’s 50-day moving average price is $26.17 and its 200-day moving average price is $25.68. Kimball Electronics has a 12 month low of $21.01 and a 12 month high of $32.00. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.18. The stock has a market cap of $620.38 million, a price-to-earnings ratio of 26.19 and a beta of 1.23.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KE shares. Zacks Research cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Cantor Fitzgerald dropped coverage on Kimball Electronics in a research note on Monday, October 12th. They set an “overweight” rating for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a report on Monday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Kimball Electronics has an average rating of “Hold” and an average target price of $32.00.

Read Our Latest Report on Kimball Electronics

Kimball Electronics Company Profile

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Kimball Electronics, Inc is a contract manufacturing and engineering services company that helps original equipment manufacturers design, develop and produce electronic and electrical products. The company provides services spanning product design and development, prototyping, testing, manufacturing, supply chain management and aftermarket support.

Kimball Electronics serves customers in the automotive, medical and industrial markets. Its manufacturing capabilities support products and systems such as automotive electronics, medical devices and equipment, industrial controls, power-management products and other complex electronic assemblies.

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