Kimball International (KBAL) Receiving Somewhat Positive Media Coverage, Report Shows
Media coverage about Kimball International (NASDAQ:KBAL) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimball International earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.2393211209603 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, BidaskClub downgraded Kimball International from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.
Kimball International (NASDAQ KBAL) traded up 1.92% during trading on Friday, reaching $18.01. The company had a trading volume of 76,985 shares. The stock has a 50 day moving average price of $16.80 and a 200 day moving average price of $16.99. The firm has a market capitalization of $675.09 million, a P/E ratio of 18.19 and a beta of 1.50. Kimball International has a 52 week low of $11.97 and a 52 week high of $18.94.
Kimball International (NASDAQ:KBAL) last released its earnings results on Wednesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. Kimball International had a return on equity of 22.09% and a net margin of 5.60%. The firm had revenue of $171.98 million for the quarter. Analysts predict that Kimball International will post $0.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.55%. This is a positive change from Kimball International’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 22nd. Kimball International’s dividend payout ratio is presently 24.24%.
In other Kimball International news, CEO Robert F. Schneider sold 31,790 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $16.05, for a total value of $510,229.50. Following the sale, the chief executive officer now directly owns 280,621 shares of the company’s stock, valued at $4,503,967.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.
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Kimball International Company Profile
Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.
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