Kimball Electronics (NASDAQ:KE) Issues Earnings Results

Kimball Electronics (NASDAQ:KE) issued its quarterly earnings data on Monday. The electronics maker reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22, Zacks reports. The business had revenue of $374.26 million during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.43 earnings per share. Kimball Electronics updated its FY 2025 guidance to EPS.

Kimball Electronics Stock Up 8.8 %

NASDAQ KE traded up $1.72 during trading on Wednesday, reaching $21.29. 63,432 shares of the company’s stock were exchanged, compared to its average volume of 115,201. The company has a 50 day moving average price of $17.96 and a two-hundred day moving average price of $20.34. The stock has a market cap of $527.78 million, a P/E ratio of 23.87 and a beta of 1.26. Kimball Electronics has a 1 year low of $16.64 and a 1 year high of $27.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26.

Wall Street Analysts Forecast Growth

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

Kimball Electronics Company Profile

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.