Kimball Electronics (NASDAQ:KE) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Kimball Electronics has been upgraded from a "buy" rating to a "strong-buy" rating by analysts at Wall Street Zen, indicating increased confidence in the company's stock performance.
• The company reported earnings per share (EPS) of $0.34 for the last quarter, exceeding expectations and showcasing strong revenue growth of $380.47 million.
• Institutional ownership of Kimball Electronics stands at 75.99%, with significant increases in stakes from several major investors, highlighting strong institutional interest.

Wall Street Zen upgraded shares of Kimball Electronics (NASDAQ:KE - Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday.

Other equities research analysts also recently issued reports about the stock. B. Riley reaffirmed a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Lake Street Capital upped their price objective on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kimball Electronics currently has an average rating of "Buy" and an average target price of $28.00.

Kimball Electronics Stock Up 0.9%

Shares of NASDAQ:KE traded up $0.24 during midday trading on Friday, hitting $27.42. 450,231 shares of the company's stock were exchanged, compared to its average volume of 208,391. 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 stock has a 50 day moving average price of $20.10 and a 200-day moving average price of $17.76. The company has a market cap of $668.50 million, a PE ratio of 40.93 and a beta of 1.22. Kimball Electronics has a 12 month low of $12.41 and a 12 month high of $27.91.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.20 by $0.14. The company had revenue of $380.47 million during the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.17%. Kimball Electronics has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Founders Capital Management bought a new position in shares of Kimball Electronics during the 2nd quarter valued at approximately $29,000. Raymond James Financial Inc. bought a new position in shares of Kimball Electronics during the 2nd quarter valued at approximately $34,000. Tower Research Capital LLC TRC grew its position in shares of Kimball Electronics by 197.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 1,901 shares during the period. GAMMA Investing LLC grew its position in shares of Kimball Electronics by 3,256.0% during the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after acquiring an additional 4,070 shares during the period. Finally, Morgan Dempsey Capital Management LLC grew its position in shares of Kimball Electronics by 12.1% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock valued at $144,000 after acquiring an additional 806 shares during the period. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Company Profile

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.