Kimball Electronics (NASDAQ:KE) Releases Quarterly Earnings Results, Misses Estimates By $0.47 EPS

Kimball Electronics (NASDAQ:KE) posted its earnings results on Wednesday. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.47), Zacks reports. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%.

Kimball Electronics Stock Down 0.2%

KE stock traded down $0.04 during mid-day trading on Wednesday, hitting $25.19. 222,451 shares of the company were exchanged, compared to its average volume of 172,648. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. The firm has a market cap of $605.82 million, a P/E ratio of 24.22, a P/E/G ratio of 1.12 and a beta of 1.23. The firm’s 50 day simple moving average is $25.15 and its 200 day simple moving average is $25.45. Kimball Electronics has a 1-year low of $20.72 and a 1-year high of $33.19.

Analyst Ratings Changes

Several research analysts recently weighed in on KE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a research note on Tuesday, August 4th. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Wall Street Zen lowered shares of Kimball Electronics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, KeyCorp started coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Institutional Investors Weigh In On Kimball Electronics

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in Kimball Electronics by 10,263.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 260,850 shares of the electronics maker’s stock worth $7,789,000 after acquiring an additional 258,333 shares during the last quarter. Millennium Management LLC grew its stake in shares of Kimball Electronics by 403.0% during the 4th quarter. Millennium Management LLC now owns 130,160 shares of the electronics maker’s stock worth $3,621,000 after acquiring an additional 104,281 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Kimball Electronics by 806.4% in the third quarter. JPMorgan Chase & Co. now owns 112,710 shares of the electronics maker’s stock valued at $3,366,000 after purchasing an additional 100,275 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Kimball Electronics by 110.0% in the fourth quarter. Lazard Asset Management LLC now owns 144,546 shares of the electronics maker’s stock valued at $4,021,000 after purchasing an additional 75,723 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Kimball Electronics in the fourth quarter worth $1,995,000. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.