Kimball Electronics (NASDAQ:KE) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Kimball Electronics' stock has been given a "hold (c)" rating by Weiss Ratings, with other firms providing mixed reviews including a downgrade to "buy" by Wall Street Zen.
• The company's shares rose 1.5% to $28.78, reflecting trading activity with a market capitalization of approximately $701.94 million.
• Kimball Electronics reported a quarterly earnings per share (EPS) of $0.34, significantly exceeding analyst expectations of $0.20, with revenue also surpassing estimates at $380.47 million.

Kimball Electronics (NASDAQ:KE - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

Several other research firms have also recently weighed in on KE. Wall Street Zen cut Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research report on Saturday. B. Riley reaffirmed a "buy" rating on shares of Kimball Electronics in a research report on Thursday. Zacks Research raised Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Finally, Lake Street Capital increased their price target on Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $28.00.

Kimball Electronics Trading Up 1.5%

Shares of KE traded up $0.42 during trading hours on Tuesday, hitting $28.78. 66,378 shares of the stock traded hands, compared to its average volume of 178,548. The company has a current ratio of 2.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23. Kimball Electronics has a 1-year low of $12.41 and a 1-year high of $33.19. The firm has a market capitalization of $701.94 million, a PE ratio of 42.96 and a beta of 1.23. The business has a fifty day moving average of $28.02 and a 200-day moving average of $21.11.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.14. The business had revenue of $380.47 million during the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%. Kimball Electronics has set its FY 2025 guidance at EPS. Analysts expect that Kimball Electronics will post 0.89 EPS for the current year.

Institutional Trading of Kimball Electronics

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in shares of Kimball Electronics during the 2nd quarter valued at about $405,000. Tower Research Capital LLC TRC boosted 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 purchasing an additional 1,901 shares in the last quarter. Man Group plc bought a new stake in shares of Kimball Electronics during the 2nd quarter valued at about $494,000. Lazard Asset Management LLC boosted its position in shares of Kimball Electronics by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker's stock valued at $1,229,000 after purchasing an additional 561 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of Kimball Electronics by 5.2% during the 2nd quarter. Bridgeway Capital Management LLC now owns 174,397 shares of the electronics maker's stock valued at $3,354,000 after purchasing an additional 8,547 shares in the last quarter. 75.99% of the stock is currently 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.

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