Kimball Electronics (NASDAQ:KE) Announces Earnings Results

Key Points

• Kimball Electronics reported earnings of $0.34 per share for the quarter, surpassing analysts' estimates of $0.20 by $0.14.
• The stock price of Kimball Electronics rose by 0.7% during trading, reaching $20.97, with a market capitalization of $511.25 million.
• Wall Street analysts have upgraded Kimball Electronics to a "buy" rating, with a consensus target price of $22.75, indicating optimism about the company's growth potential.

Kimball Electronics (NASDAQ:KE - Get Free Report) posted its quarterly earnings results on Wednesday. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.14, Zacks reports. Kimball Electronics had a return on equity of 5.17% and a net margin of 1.17%. Kimball Electronics updated its FY 2025 guidance to EPS.

Kimball Electronics Stock Up 0.7%

Shares of KE traded up $0.14 during mid-day trading on Wednesday, reaching $20.97. The company's stock had a trading volume of 155,889 shares, compared to its average volume of 103,259. Kimball Electronics has a 12-month low of $12.41 and a 12-month high of $21.52. The stock has a market cap of $511.25 million, a PE ratio of 29.54 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.24. The company's 50 day moving average is $19.34 and its 200 day moving average is $17.48.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kimball Electronics by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker's stock worth $242,000 after buying an additional 624 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in Kimball Electronics by 2.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 45,480 shares of the electronics maker's stock worth $875,000 after buying an additional 1,100 shares during the last quarter. Royal Bank of Canada grew its stake in Kimball Electronics by 5.8% during the 1st quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker's stock worth $480,000 after buying an additional 1,588 shares during the last quarter. First Trust Advisors LP grew its stake in Kimball Electronics by 3.3% during the 2nd quarter. First Trust Advisors LP now owns 78,704 shares of the electronics maker's stock worth $1,513,000 after buying an additional 2,531 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Kimball Electronics by 8.3% during the 1st quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker's stock worth $1,458,000 after buying an additional 6,803 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.75.

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.

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