Kimball Electronics (KE) Earning Somewhat Favorable News Coverage, Analysis Shows
News articles about Kimball Electronics (NASDAQ:KE) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kimball Electronics earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the electronics maker an impact score of 46.0140578214178 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of analysts have recently issued reports on KE shares. BidaskClub upgraded Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 15th. ValuEngine cut Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
Kimball Electronics (NASDAQ KE) traded down $0.10 on Thursday, hitting $20.35. The stock had a trading volume of 32,000 shares, compared to its average volume of 78,714. The company has a market capitalization of $548.85, a PE ratio of 17.18 and a beta of 1.01. Kimball Electronics has a 1-year low of $15.05 and a 1-year high of $22.45.
Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $253.20 million for the quarter. Kimball Electronics had a return on equity of 9.63% and a net margin of 3.40%.
Kimball Electronics declared that its board has approved a share repurchase program on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 42% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
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Kimball Electronics Company Profile
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.
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