Key Tronic Corp. (KTCC) to Release Quarterly Earnings on Monday
Key Tronic Corp. (NASDAQ:KTCC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 10th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Key Tronic Corp. (NASDAQ:KTCC) last issued its earnings results on Tuesday, July 26th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $123.90 million for the quarter, compared to analyst estimates of $118.40 million. Key Tronic Corp. had a return on equity of 5.70% and a net margin of 1.35%. On average, analysts expect Key Tronic Corp. to post $0.8 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Key Tronic Corp. (NASDAQ:KTCC) traded down 0.65% during mid-day trading on Friday, hitting $7.69. The company’s stock had a trading volume of 4,225 shares. The company has a market cap of $82.71 million, a price-to-earnings ratio of 13.26 and a beta of 0.89. Key Tronic Corp. has a 52-week low of $6.09 and a 52-week high of $10.01. The stock’s 50 day moving average price is $7.52 and its 200 day moving average price is $7.49.
A number of research analysts recently weighed in on KTCC shares. Zacks Investment Research lowered Key Tronic Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. B. Riley reiterated a “buy” rating and set a $9.50 target price on shares of Key Tronic Corp. in a research note on Sunday, July 31st.
A number of hedge funds have recently modified their holdings of KTCC. TFS Capital LLC acquired a new stake in shares of Key Tronic Corp. during the second quarter valued at approximately $128,000. BlackRock Institutional Trust Company N.A. increased its position in Key Tronic Corp. by 202.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 94,097 shares of the company’s stock worth $709,000 after buying an additional 63,013 shares during the period. Vanguard Group Inc. increased its position in Key Tronic Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 470,766 shares of the company’s stock worth $3,545,000 after buying an additional 11,108 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Key Tronic Corp. by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 900,600 shares of the company’s stock worth $6,782,000 after buying an additional 9,800 shares during the period. Institutional investors and hedge funds own 42.10% of the company’s stock.
Key Tronic Corp. Company Profile
Key Tronic Corporation is engaged in providing electronic manufacturing services and solutions for original equipment manufacturers (OEMs). The Company also manufactures keyboards and other input devices. The Company provides engineering services, procurement and distribution across the world, materials management, world-class manufacturing and assembly services, in-house testing and unparalleled customer service.
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