Kimball Electronics Inc. (KE) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Kimball Electronics Inc. operates as a contract manufacturer of durable goods electronics. The Company specializes in durable electronics for the medical, automotive, industrial and public safety markets. It provides design, engineering, manufacturing, packaging, and distribution of electronic assemblies and circuit boards on a contract basis to a variety of industries. The Company has manufacturing operations primarily in the United States, Mexico, Thailand, Poland, and China. Kimball Electronics Inc. is headquartered in Jasper, Indiana. “
Separately, B. Riley reaffirmed a buy rating and issued a $12.75 price target on shares of Kimball Electronics in a research note on Tuesday, August 2nd.
Shares of Kimball Electronics (NASDAQ:KE) opened at 13.86 on Wednesday. The firm has a market capitalization of $390.23 million, a PE ratio of 18.24 and a beta of 0.91. Kimball Electronics has a 12-month low of $9.15 and a 12-month high of $14.28. The company’s 50 day moving average is $12.54 and its 200 day moving average is $11.92.
Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. Kimball Electronics had a net margin of 2.65% and a return on equity of 6.98%. The business had revenue of $220.40 million for the quarter, compared to analyst estimates of $201.13 million. On average, analysts forecast that Kimball Electronics will post $0.86 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Kimball Electronics by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,056,141 shares of the company’s stock worth $25,599,000 after buying an additional 71,649 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Kimball Electronics by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,000,080 shares of the company’s stock valued at $12,450,000 after buying an additional 7,661 shares in the last quarter. NWQ Investment Management Company LLC boosted its position in shares of Kimball Electronics by 4.6% in the first quarter. NWQ Investment Management Company LLC now owns 728,694 shares of the company’s stock valued at $8,140,000 after buying an additional 32,135 shares in the last quarter. FMR LLC boosted its position in shares of Kimball Electronics by 30.8% in the second quarter. FMR LLC now owns 643,909 shares of the company’s stock valued at $8,017,000 after buying an additional 151,637 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Kimball Electronics by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 536,150 shares of the company’s stock valued at $5,989,000 after buying an additional 14,300 shares in the last quarter. 54.84% of the stock is owned by institutional investors.
Kimball Electronics Company Profile
Kimball Electronics, Inc (Kimball Electronics) is engaged in providing engineering, manufacturing and supply chain services. The Company offers its services to customers in the automotive, medical, industrial and public safety end markets. The Company offers engineering, manufacturing and supply chain services, such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of different environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management.
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