Key Tronic (NASDAQ:KTCC) Releases Q3 2024 Earnings Guidance

Key Tronic (NASDAQ:KTCC) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.230–0.180 for the period. The company issued revenue guidance of $140.0 million-$140.0 million. Key Tronic also updated its Q4 2024 guidance to 0.000-0.100 EPS.

Key Tronic Price Performance

Shares of NASDAQ:KTCC traded down $0.28 during midday trading on Friday, hitting $4.29. 63,130 shares of the stock were exchanged, compared to its average volume of 15,150. Key Tronic has a twelve month low of $3.72 and a twelve month high of $7.02. The company has a current ratio of 2.64, a quick ratio of 1.59 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average price of $4.68 and a 200-day moving average price of $4.36. The stock has a market cap of $46.16 million, a P/E ratio of 10.46 and a beta of 1.43.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Key Tronic had a net margin of 0.72% and a return on equity of 3.41%. The company had revenue of $145.42 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Key Tronic in a report on Tuesday, April 23rd. They issued a buy rating for the company.

About Key Tronic

Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; prototype design; and full product assembly services.