Kimball Electronics (NASDAQ:KE) Stock Rating Lowered by Wall Street Zen

Key Points

• Kimball Electronics' stock rating has been downgraded from a "strong-buy" to a "buy" by Wall Street Zen in a recent research note.
• The company reported earnings of $0.34 per share for the quarter, exceeding the consensus estimate by $0.14, with revenue of $380.47 million surpassing expectations as well.
• A majority of analysts maintain a "buy" rating for Kimball Electronics, with a consensus price target set at $28.00.

Kimball Electronics (NASDAQ:KE - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

KE has been the subject of several other research reports. Zacks Research upgraded Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Lake Street Capital increased their price target on Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Kimball Electronics in a research note on Saturday, September 27th. Finally, B. Riley reiterated a "buy" rating on shares of Kimball Electronics in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $28.00.

Kimball Electronics Trading Down 4.1%

Shares of Kimball Electronics stock opened at $27.46 on Friday. Kimball Electronics has a 1 year low of $12.41 and a 1 year high of $33.19. The firm has a market cap of $669.75 million, a PE ratio of 40.99 and a beta of 1.23. The stock has a fifty day moving average price of $27.83 and a 200-day moving average price of $20.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.34.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results 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. The company 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. Equities research analysts anticipate that Kimball Electronics will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

A number of large investors have recently made changes to their positions in KE. Founders Capital Management bought a new stake in shares of Kimball Electronics in the 2nd quarter worth approximately $29,000. Raymond James Financial Inc. bought a new stake in shares of Kimball Electronics during the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC boosted its position in shares of Kimball Electronics by 197.2% during the second 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. GAMMA Investing LLC boosted its position in shares of Kimball Electronics by 3,256.0% during the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after purchasing an additional 4,070 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its position in shares of Kimball Electronics by 12.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock valued at $144,000 after purchasing an additional 806 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

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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