Kimball Electronics (NASDAQ:KE) Announces Earnings Results, Misses Estimates By $0.15 EPS

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

Kimball Electronics Stock Performance

KE traded down $0.85 on Wednesday, reaching $25.86. The stock had a trading volume of 189,125 shares, compared to its average volume of 181,423. The business’s 50-day moving average price is $26.17 and its two-hundred day moving average price is $25.68. The company has a market cap of $620.38 million, a P/E ratio of 26.19 and a beta of 1.23. Kimball Electronics has a 12-month low of $21.01 and a 12-month high of $32.00. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a report on Monday. Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Cantor Fitzgerald dropped coverage on shares of Kimball Electronics in a research note on Monday, October 12th. They issued an “overweight” rating for the company. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Kimball Electronics has an average rating of “Hold” and a consensus price target 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.