Kimball Electronics, Inc. (KE) - What Are Analysts Saying About This Stock?

Key Points

• Analysts give Kimball Electronics a “Moderate Buy” consensus rating: two analysts rate it a hold, two a buy, and one a strong buy. The average 12-month price target is $32.00, compared with a recent price of $28.68.
• Institutional ownership is substantial at 75.99%. Several institutions, including Bank of America, Empowered Funds, and Oxford Financial Group, recently initiated or increased positions.
• Kimball Electronics’ latest quarterly results missed expectations, reporting a loss of $0.01 per share versus the $0.39 consensus estimate, while revenue of $371.57 million was slightly below forecasts. Analysts expect full-year EPS of approximately $1.27.

Shares of Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $32.00.

A number of brokerages have recently issued reports on KE. Weiss Ratings reiterated a "hold (c)" rating on shares of Kimball Electronics in a research report on Tuesday, August 4th. Cantor Fitzgerald reissued an "overweight" rating on shares of Kimball Electronics in a report on Monday. Zacks Research upgraded shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. KeyCorp assumed coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They set a "sector weight" rating for the company. Finally, Wall Street Zen downgraded shares of Kimball Electronics from a "buy" rating to a "hold" rating in a report on Saturday, July 4th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in shares of Kimball Electronics during the second quarter valued at approximately $2,389,000. Empowered Funds LLC acquired a new stake in shares of Kimball Electronics in the second quarter worth approximately $3,571,000. Bank of America Corp DE acquired a new stake in shares of Kimball Electronics in the second quarter worth approximately $30,505,000. NewEdge Advisors LLC increased its position in shares of Kimball Electronics by 74.6% during the first quarter. NewEdge Advisors LLC now owns 187,186 shares of the electronics maker's stock worth $4,434,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Oxford Financial Group LTD. LLC purchased a new stake in shares of Kimball Electronics during the second quarter worth approximately $7,314,000. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Stock Performance

NASDAQ KE opened at $28.68 on Monday. The stock has a market capitalization of $688.03 million, a price-to-earnings ratio of 25.38, a PEG ratio of 1.13 and a beta of 1.24. Kimball Electronics has a twelve month low of $21.01 and a twelve month high of $32.00. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $25.73 and a 200 day moving average of $25.45.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). The business had revenue of $371.57 million for the quarter, compared to analysts' expectations of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. Sell-side analysts anticipate that Kimball Electronics will post 1.27 EPS for the current fiscal year.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a contract manufacturer that provides electronic manufacturing services, engineering support and supply-chain solutions for original equipment manufacturers. The company helps customers design, build, test and manage products ranging from circuit-board assemblies to complete, integrated systems.

Kimball Electronics serves a diverse group of markets, including automotive, medical, industrial and public safety applications. Its capabilities include printed circuit board assembly, box-build and system integration, prototyping, product testing, tooling, automation and other manufacturing services.

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