Kimball Electronics (NASDAQ:KE) Announces Earnings Results

Kimball Electronics (NASDAQ:KE) issued its quarterly earnings results on Monday. The electronics maker reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22, Zacks reports. The firm had revenue of $374.26 million during the quarter, compared to the consensus estimate of $376.70 million. Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. During the same period last year, the business posted $0.43 EPS. Kimball Electronics updated its FY 2025 guidance to EPS.

Kimball Electronics Stock Up 4.2 %

NASDAQ KE traded up $0.78 during trading hours on Tuesday, hitting $19.25. The company’s stock had a trading volume of 51,823 shares, compared to its average volume of 114,565. The company has a market capitalization of $477.21 million, a PE ratio of 22.52 and a beta of 1.26. The company has a current ratio of 2.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43. Kimball Electronics has a 52 week low of $16.64 and a 52 week high of $27.73. The company’s 50-day simple moving average is $17.92 and its two-hundred day simple moving average is $20.35.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KE shares. Sidoti cut Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Thursday, August 15th. Lake Street Capital cut their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Cantor Fitzgerald decreased their price target on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. EF Hutton Acquisition Co. I cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, B. Riley dropped their price target on Kimball Electronics from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.25.

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, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.