Kimball Electronics Inc. (NASDAQ:KE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $14.50 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Kimball Electronics an industry rank of 64 out of 265 based on the ratings given to its competitors.
Several analysts have commented on KE shares. Zacks Investment Research lowered Kimball Electronics from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. B. Riley restated a “buy” rating and issued a $14.50 target price on shares of Kimball Electronics in a research report on Tuesday, August 9th.
Kimball Electronics (NASDAQ:KE) opened at 13.80 on Thursday. The stock’s 50 day moving average price is $12.91 and its 200 day moving average price is $12.04. Kimball Electronics has a 52-week low of $9.15 and a 52-week high of $14.28. The company has a market cap of $388.54 million, a P/E ratio of 18.16 and a beta of 0.90.
Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. Kimball Electronics had a net margin of 2.65% and a return on equity of 6.98%. The business earned $220.40 million during the quarter, compared to analyst estimates of $201.13 million. Analysts expect that Kimball Electronics will post $0.86 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD increased its position in Kimball Electronics by 83.7% in the second quarter. BlackRock Group LTD now owns 13,071 shares of the company’s stock valued at $162,000 after buying an additional 5,957 shares during the period. BlackRock Investment Management LLC increased its position in 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 during the period. Virginia Retirement Systems ET AL purchased a new position in Kimball Electronics during the second quarter valued at $165,000. Vanguard Group Inc. increased its position in Kimball Electronics by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,000,080 shares of the company’s stock valued at $12,450,000 after buying an additional 7,661 shares during the period. Finally, Pinnacle Holdings LLC increased its position in 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 during the period. Institutional investors and hedge funds own 54.84% of the company’s stock.
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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