Kimball Electronics (NASDAQ:KE) Rating Lowered to Buy at Wall Street Zen

Key Points

• Kimball Electronics has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in market perception.
• The company reported earnings of $0.34 per share for the last quarter, exceeding expectations and demonstrating strong revenue performance.
• Institutional investors hold 75.99% of Kimball Electronics' shares, indicating significant confidence and investment in the company's future prospects.

Kimball Electronics (NASDAQ:KE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

KE has been the subject of several other reports. B. Riley reiterated a "buy" rating on shares of Kimball Electronics in a report on Thursday, August 14th. Lake Street Capital upped their price target on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Kimball Electronics currently has an average rating of "Buy" and a consensus target price of $28.00.

Kimball Electronics Price Performance

Shares of KE stock opened at $28.34 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.27. Kimball Electronics has a twelve month low of $12.41 and a twelve month high of $28.86. The company has a market cap of $690.93 million, a P/E ratio of 42.30 and a beta of 1.22. The business has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $17.90.

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

Institutional Trading of Kimball Electronics

Institutional investors have recently modified their holdings of the business. Founders Capital Management bought a new stake in shares of Kimball Electronics in the second quarter worth $29,000. Raymond James Financial Inc. bought a new stake in shares of Kimball Electronics in the second quarter worth $34,000. Tower Research Capital LLC TRC grew its stake in shares of Kimball Electronics by 197.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker's stock worth $55,000 after purchasing an additional 1,901 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Kimball Electronics by 3,256.0% in the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock worth $69,000 after purchasing an additional 4,070 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its stake in shares of Kimball Electronics by 12.1% in the second quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock worth $144,000 after purchasing an additional 806 shares during the last quarter. Institutional investors own 75.99% of the company's stock.

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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