Kimball Electronics (NASDAQ:KE) Announces Earnings Results

Kimball Electronics (NASDAQ:KE) posted its quarterly earnings results on Monday. The electronics maker reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22, Zacks reports. The firm had revenue of $374.26 million for the quarter, compared to analyst estimates of $376.70 million. Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. During the same quarter in the previous year, the firm earned $0.43 EPS. Kimball Electronics updated its FY 2025 guidance to EPS.

Kimball Electronics Price Performance

Shares of KE stock traded up $0.78 during trading hours on Tuesday, reaching $19.25. The company’s stock had a trading volume of 51,823 shares, compared to its average volume of 114,565. Kimball Electronics has a fifty-two week low of $16.64 and a fifty-two week high of $27.73. The firm’s 50 day simple moving average is $17.92 and its 200-day simple moving average is $20.35. The company has a quick ratio of 1.36, a current ratio of 2.26 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $477.21 million, a price-to-earnings ratio of 22.52 and a beta of 1.26.

Analyst Upgrades and Downgrades

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