Kimball Electronics (NASDAQ:KE) Announces Quarterly Earnings Results

Kimball Electronics (NASDAQ:KE) released its earnings results on Wednesday. The electronics maker reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40), FiscalAI reports. The business had revenue of $371.57 million during the quarter, compared to analyst estimates of $373.36 million. Kimball Electronics had a net margin of 1.95% and a return on equity of 4.42%.

Kimball Electronics Trading Up 2.0%

Shares of NASDAQ KE traded up $0.53 during trading on Friday, hitting $26.56. 10,216 shares of the company traded hands, compared to its average volume of 173,821. The firm has a market capitalization of $638.74 million, a P/E ratio of 23.48, a P/E/G ratio of 1.12 and a beta of 1.23. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $25.13 and a 200-day moving average price of $25.38. Kimball Electronics has a 1 year low of $21.01 and a 1 year high of $33.19.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Wall Street Zen downgraded Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. KeyCorp started coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They issued a “sector weight” rating on the stock. Finally, Zacks Research upgraded shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Institutional Investors Weigh In On Kimball Electronics

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Kimball Electronics by 5.8% in the 1st quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 1,588 shares during the period. AQR Capital Management LLC lifted its stake in shares of Kimball Electronics by 24.0% during the first quarter. AQR Capital Management LLC now owns 259,734 shares of the electronics maker’s stock worth $4,273,000 after purchasing an additional 50,245 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kimball Electronics by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock valued at $242,000 after acquiring an additional 624 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Kimball Electronics by 8.3% during the 1st quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker’s stock valued at $1,458,000 after buying an additional 6,803 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Kimball Electronics in the 1st quarter worth about $411,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

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.