Kimball Electronics (KE) to Release Earnings on Monday

Kimball Electronics (NASDAQ:KE) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. The firm had revenue of $430.16 million for the quarter, compared to analysts’ expectations of $429.00 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, analysts expect Kimball Electronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kimball Electronics Price Performance

Shares of NASDAQ:KE opened at $18.15 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43. Kimball Electronics has a 1 year low of $16.64 and a 1 year high of $27.73. The business has a fifty day simple moving average of $17.92 and a 200 day simple moving average of $20.37. The firm has a market cap of $449.94 million, a price-to-earnings ratio of 22.13 and a beta of 1.26.

Analyst Upgrades and Downgrades

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