According to Zacks, “Kimball Electronics Inc. operates as a contract manufacturer of durable goods electronics. The Company specializes in durable electronics for the medical, automotive, 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 variety of industries. The Company has manufacturing operations primarily in the United States, Mexico, Thailand, Poland, and China. Kimball Electronics Inc. is headquartered in Jasper, Indiana. “
Separately, B. Riley reiterated a buy rating and set a $14.50 price target on shares of Kimball Electronics in a report on Tuesday, August 9th.
Kimball Electronics (NASDAQ:KE) opened at 13.79 on Wednesday. The stock has a market cap of $388.26 million, a PE ratio of 18.14 and a beta of 0.90. Kimball Electronics has a 12-month low of $9.15 and a 12-month high of $14.28. The firm has a 50-day moving average price of $12.70 and a 200-day moving average price of $11.97.
Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. Kimball Electronics had a return on equity of 6.98% and a net margin of 2.65%. The business had revenue of $220.40 million for the quarter, compared to analyst estimates of $201.13 million. Analysts forecast that Kimball Electronics will post $0.86 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Holdings LLC increased its position in shares of Kimball Electronics by 0.7% in the second quarter. Pinnacle Holdings LLC now owns 90,290 shares of the company’s stock valued at $1,124,000 after buying an additional 665 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Kimball Electronics by 10.9% in the second quarter. Alliancebernstein L.P. now owns 12,184 shares of the company’s stock valued at $152,000 after buying an additional 1,200 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Kimball Electronics by 21.6% in the second quarter. Parametric Portfolio Associates LLC now owns 13,103 shares of the company’s stock valued at $163,000 after buying an additional 2,331 shares in the last quarter. US Bancorp DE increased its position in shares of Kimball Electronics by 5.9% in the second quarter. US Bancorp DE now owns 44,641 shares of the company’s stock valued at $555,000 after buying an additional 2,472 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its position in shares of Kimball Electronics by 5.1% in the second quarter. BlackRock Investment Management LLC now owns 119,980 shares of the company’s stock valued at $1,494,000 after buying an additional 5,796 shares in the last quarter. 54.84% of the stock is currently owned by institutional investors and hedge funds.
Kimball Electronics Company Profile
Kimball Electronics, Inc (Kimball Electronics) is engaged in providing engineering, manufacturing and supply chain services. The Company offers its services to customers in the automotive, medical, industrial and public safety end markets. The Company offers engineering, manufacturing and supply chain services, such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of different environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management.
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