Kimball Electronics (NASDAQ:KE) Releases Earnings Results, Misses Expectations By $0.01 EPS

Kimball Electronics (NASDAQ:KE) posted its quarterly earnings results on Tuesday. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01), FiscalAI reports. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.09%. The company had revenue of $352.92 million for the quarter, compared to analyst estimates of $356.27 million.

Kimball Electronics Stock Up 1.1%

Shares of NASDAQ:KE traded up $0.31 during midday trading on Tuesday, hitting $27.19. 129,815 shares of the company’s stock traded hands, compared to its average volume of 119,985. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.31 and a current ratio of 2.21. The company has a market cap of $658.25 million, a PE ratio of 28.32, a P/E/G ratio of 0.98 and a beta of 1.25. The firm’s fifty day moving average price is $25.03 and its two-hundred day moving average price is $27.34. Kimball Electronics has a twelve month low of $14.31 and a twelve month high of $33.19.

Wall Street Analyst Weigh In

KE has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a research note on Friday, January 9th. Wall Street Zen cut shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Zacks Research cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Hedge Funds Weigh In On Kimball Electronics

A number of institutional investors have recently added to or reduced their stakes in KE. Barclays PLC increased its position in shares of Kimball Electronics by 0.7% in the 4th quarter. Barclays PLC now owns 69,334 shares of the electronics maker’s stock worth $1,929,000 after purchasing an additional 498 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Kimball Electronics by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock valued at $1,229,000 after buying an additional 561 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kimball Electronics by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock valued at $242,000 after buying an additional 624 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Kimball Electronics by 99.7% during the 4th quarter. California State Teachers Retirement System now owns 1,498 shares of the electronics maker’s stock valued at $42,000 after buying an additional 748 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Kimball Electronics during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

About Kimball Electronics

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.