Kimball Electronics (KE) Given Daily News Impact Rating of 0.10
News headlines about Kimball Electronics (NASDAQ:KE) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kimball Electronics earned a news impact score of 0.10 on Accern’s scale. Accern also gave news stories about the electronics maker an impact score of 46.8024166723961 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Kimball Electronics, Inc. breached its 50 day moving average in a Bullish Manner : KE-US : August 30, 2017 (finance.yahoo.com)
- Kimball Electronics Extends Stock Repurchase Plan (insideindianabusiness.com)
- Kimball Electronics (KE) Extends $20M Repurchase Plan (streetinsider.com)
- Stock Repurchase Program Initiated by Kimball Electronics (KE) Board of Directors (americanbankingnews.com)
- Kimball Electronics, Inc. – Value Analysis (NASDAQ:KE) : August 24, 2017 (finance.yahoo.com)
Separately, BidaskClub cut Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th.
Shares of Kimball Electronics (NASDAQ KE) traded up 0.79% during midday trading on Thursday, hitting $19.05. The stock had a trading volume of 32,989 shares. The stock has a market cap of $513.53 million, a price-to-earnings ratio of 15.36 and a beta of 0.97. The firm’s 50-day moving average price is $18.92 and its 200-day moving average price is $17.40. Kimball Electronics has a 1-year low of $11.54 and a 1-year high of $20.30.
Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The firm had revenue of $241.27 million for the quarter. Kimball Electronics had a return on equity of 9.32% and a net margin of 3.67%. Analysts forecast that Kimball Electronics will post $0.93 earnings per share for the current year.
Kimball Electronics declared that its board has approved a stock buyback program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 42% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, 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 range of industries.
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