Kimball Electronics (NASDAQ:KE) Announces Quarterly Earnings Results

Kimball Electronics (NASDAQ:KE) posted its quarterly earnings data on Tuesday. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08), Zacks reports. The company had revenue of $430.16 million for the quarter, compared to analysts’ expectations of $429.00 million. Kimball Electronics had a net margin of 1.81% and a return on equity of 8.70%. During the same period in the previous year, the firm earned $0.76 earnings per share.

Kimball Electronics Price Performance

NASDAQ:KE traded down $0.35 during trading hours on Thursday, reaching $17.93. The stock had a trading volume of 127,819 shares, compared to its average volume of 113,929. The stock has a market capitalization of $445.90 million, a PE ratio of 14.37 and a beta of 1.30. Kimball Electronics has a 52 week low of $17.29 and a 52 week high of $31.43. The company has a 50 day moving average price of $21.98 and a two-hundred day moving average price of $21.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 2.03.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KE shares. Sidoti downgraded Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Thursday. B. Riley reduced their price objective on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Lake Street Capital dropped their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.75.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.