Kimball Electronics (NASDAQ:KE) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Kimball Electronics (NASDAQ:KE) announced its quarterly earnings results on Wednesday. The electronics maker reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.15), FiscalAI reports. The business had revenue of $390.80 million during the quarter, compared to the consensus estimate of $387.20 million. Kimball Electronics had a net margin of 1.95% and a return on equity of 4.41%.

Kimball Electronics Stock Performance

Shares of KE traded down $0.85 during mid-day trading on Wednesday, reaching $25.86. The company had a trading volume of 189,125 shares, compared to its average volume of 181,423. The stock has a 50 day moving average of $26.17 and a two-hundred day moving average of $25.68. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $620.38 million, a P/E ratio of 22.89 and a beta of 1.23. Kimball Electronics has a 52-week low of $21.01 and a 52-week high of $32.00.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cantor Fitzgerald dropped coverage on shares of Kimball Electronics in a research report on Monday, October 12th. They set an “overweight” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a report on Monday. Finally, Zacks Research cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.00.

About Kimball Electronics

Kimball Electronics, Inc is a contract manufacturing and engineering services company that helps original equipment manufacturers design, develop and produce electronic and electrical products. The company provides services spanning product design and development, prototyping, testing, manufacturing, supply chain management and aftermarket support.

Kimball Electronics serves customers in the automotive, medical and industrial markets. Its manufacturing capabilities support products and systems such as automotive electronics, medical devices and equipment, industrial controls, power-management products and other complex electronic assemblies.