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

Kimball Electronics (NASDAQ:KE - Get Free Report) posted its quarterly earnings results on Monday. The electronics maker reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22, Zacks reports. Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. 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 prior year, the business posted $0.43 EPS. Kimball Electronics updated its FY 2025 guidance to EPS.

Kimball Electronics Stock Performance

KE stock traded up $1.09 during trading hours on Tuesday, hitting $19.56. 211,866 shares of the stock were exchanged, compared to its average volume of 115,313. The company has a 50-day simple moving average of $17.92 and a two-hundred day simple moving average of $20.35. The firm has a market capitalization of $484.89 million, a P/E ratio of 23.48 and a beta of 1.26. Kimball Electronics has a 12 month low of $16.64 and a 12 month high of $27.73. The company has a current ratio of 2.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. EF Hutton Acquisition Co. I lowered shares of Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 14th. B. Riley dropped their target price on Kimball Electronics from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Sidoti downgraded Kimball Electronics from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a research report on Thursday, August 15th. Cantor Fitzgerald lowered their price objective on shares of Kimball Electronics from $28.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. Finally, Lake Street Capital reduced their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kimball Electronics has a consensus rating of "Moderate Buy" and an average target price of $23.25.

About Kimball Electronics

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.