Kimball Electronics (NASDAQ:KE) Announces Earnings Results, Hits Estimates

Kimball Electronics (NASDAQ:KE) posted its quarterly earnings data on Monday. The electronics maker reported $0.22 earnings per share for the quarter, hitting the consensus estimate 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 net margin of 0.78% and a return on equity of 5.65%. During the same quarter in the prior year, the business posted $0.43 earnings per share. Kimball Electronics updated its FY 2025 guidance to EPS.

Kimball Electronics Stock Performance

KE stock traded down $0.19 during midday trading on Thursday, reaching $20.99. 48,519 shares of the company’s stock traded hands, compared to its average volume of 115,751. Kimball Electronics has a 52 week low of $16.64 and a 52 week high of $27.73. The company has a 50-day moving average price of $18.01 and a two-hundred day moving average price of $20.35. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26. The firm has a market capitalization of $520.34 million, a PE ratio of 41.53 and a beta of 1.26.

Wall Street Analyst Weigh In

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