Kimball Electronics (NASDAQ:KE) Releases Quarterly Earnings Results, Hits Expectations

Kimball Electronics (NASDAQ:KE) released its earnings results on Monday. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22, Zacks reports. Kimball Electronics had a net margin of 1.20% and a return on equity of 6.65%. The company had revenue of $374.26 million for the quarter, compared to the consensus estimate of $376.70 million. During the same quarter in the previous year, the company earned $0.43 EPS. Kimball Electronics updated its FY 2025 guidance to EPS.

Kimball Electronics Price Performance

Shares of NASDAQ:KE traded up $1.08 on Tuesday, hitting $19.55. The company’s stock had a trading volume of 81,762 shares, compared to its average volume of 114,705. The company has a market capitalization of $484.64 million, a PE ratio of 23.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.26 and a quick ratio of 1.36. The company has a 50-day simple moving average of $17.92 and a 200 day simple moving average of $20.35. Kimball Electronics has a 1 year low of $16.64 and a 1 year high of $27.73.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KE. B. Riley reduced their price target on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Sidoti lowered shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 15th. Cantor Fitzgerald reduced their target price on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 16th. EF Hutton Acquisition Co. I lowered Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Lake Street Capital lowered their target price on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Kimball Electronics has a consensus rating of “Moderate Buy” and an average price target of $23.25.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.