Kimball Electronics (NASDAQ:KE) Issues Quarterly Earnings Results, Meets Expectations

Kimball Electronics (NASDAQ:KE) posted its quarterly earnings data on Monday. The electronics maker reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22, Zacks reports. Kimball Electronics had a net margin of 1.20% and a return on equity of 6.65%. The company had revenue of $374.26 million during the quarter, compared to analysts’ expectations of $376.70 million. During the same period in the prior year, the business posted $0.43 earnings per share. Kimball Electronics updated its FY 2025 guidance to EPS.

Kimball Electronics Trading Up 8.8 %

Shares of KE traded up $1.72 during mid-day trading on Wednesday, reaching $21.29. The stock had a trading volume of 63,432 shares, compared to its average volume of 115,201. Kimball Electronics has a 52-week low of $16.64 and a 52-week high of $27.73. The firm has a market cap of $527.78 million, a price-to-earnings ratio of 23.87 and a beta of 1.26. The business’s fifty day moving average is $17.96 and its 200 day moving average is $20.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.26 and a quick ratio of 1.36.

Analyst Upgrades and Downgrades

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

About Kimball Electronics

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.