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

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

Kimball Electronics Stock Down 0.2%

Kimball Electronics stock traded down $0.04 during trading hours on Wednesday, hitting $25.19. 222,451 shares of the stock traded hands, compared to its average volume of 172,648. The company has a market cap of $605.82 million, a PE ratio of 24.22, a PEG ratio of 1.12 and a beta of 1.23. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $25.13 and its two-hundred day moving average price is $25.41. Kimball Electronics has a one year low of $20.72 and a one year high of $33.19.

Hedge Funds Weigh In On Kimball Electronics

A number of hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Kimball Electronics during the third quarter valued at approximately $28,000. Raymond James Financial Inc. bought a new position in Kimball Electronics during the 2nd quarter valued at about $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Kimball Electronics during the 4th quarter valued at about $38,000. California State Teachers Retirement System boosted its stake in shares of Kimball Electronics by 99.7% in the 4th quarter. California State Teachers Retirement System now owns 1,498 shares of the electronics maker’s stock worth $42,000 after buying an additional 748 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in shares of Kimball Electronics in the 3rd quarter worth $48,000. Institutional investors own 75.99% of the company’s stock.

Wall Street Analyst Weigh In

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

About Kimball Electronics

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.