Kimball Electronics (NASDAQ:KE) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Kimball Electronics (NASDAQ:KE) issued its earnings results on Wednesday. The electronics maker reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.15), FiscalAI reports. The business had revenue of $390.80 million for the quarter, compared to analysts’ expectations of $387.20 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%.

Kimball Electronics Price Performance

Shares of NASDAQ:KE traded down $5.50 during trading on Thursday, reaching $20.36. 347,095 shares of the company’s stock traded hands, compared to its average volume of 180,901. The firm has a market cap of $488.44 million, a PE ratio of 18.11 and a beta of 1.23. Kimball Electronics has a fifty-two week low of $19.62 and a fifty-two week high of $32.00. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $26.17 and a 200-day simple moving average of $25.68.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research report on Monday. Zacks Research cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Cantor Fitzgerald dropped coverage on Kimball Electronics in a research report on Monday, October 12th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Kimball Electronics currently has an average rating of “Hold” and a consensus target price of $32.00.

About Kimball Electronics

Kimball Electronics, Inc is a contract manufacturing and engineering services company that helps original equipment manufacturers design, develop and produce electronic and electrical products. The company provides services spanning product design and development, prototyping, testing, manufacturing, supply chain management and aftermarket support.

Kimball Electronics serves customers in the automotive, medical and industrial markets. Its manufacturing capabilities support products and systems such as automotive electronics, medical devices and equipment, industrial controls, power-management products and other complex electronic assemblies.