Kimball Electronics, Inc. (NASDAQ:KE - Free Report) - Equities researchers at B. Riley reduced their Q4 2024 EPS estimates for shares of Kimball Electronics in a research report issued on Wednesday, May 8th. B. Riley analyst M. Crawford now anticipates that the electronics maker will post earnings per share of $0.41 for the quarter, down from their prior forecast of $0.43. B. Riley currently has a "Buy" rating and a $34.00 price objective on the stock. The consensus estimate for Kimball Electronics' current full-year earnings is $1.60 per share.
Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The electronics maker reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.04). Kimball Electronics had a return on equity of 10.37% and a net margin of 2.97%. The business had revenue of $421.24 million during the quarter, compared to analysts' expectations of $435.60 million.
Separately, Cantor Fitzgerald dropped their price objective on shares of Kimball Electronics from $33.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, February 7th.
View Our Latest Stock Report on KE
Kimball Electronics Price Performance
Shares of NASDAQ:KE traded down $0.25 on Friday, reaching $22.33. The company's stock had a trading volume of 74,949 shares, compared to its average volume of 120,039. Kimball Electronics has a 52-week low of $19.62 and a 52-week high of $31.43. The company has a market cap of $555.32 million, a P/E ratio of 10.41 and a beta of 1.31. The company has a 50-day simple moving average of $21.24 and a 200 day simple moving average of $23.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.97.
Institutional Investors Weigh In On Kimball Electronics
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Kimball Electronics by 45.9% during the 1st quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker's stock valued at $39,154,000 after buying an additional 569,015 shares in the last quarter. Oxford Financial Group LTD. LLC lifted its holdings in Kimball Electronics by 35.4% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker's stock valued at $12,492,000 after buying an additional 121,076 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Kimball Electronics by 272.5% during the 4th quarter. Larson Financial Group LLC now owns 404,571 shares of the electronics maker's stock valued at $10,903,000 after buying an additional 295,951 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Kimball Electronics by 5.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 368,343 shares of the electronics maker's stock valued at $9,927,000 after buying an additional 19,234 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Kimball Electronics by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 352,951 shares of the electronics maker's stock valued at $9,512,000 after buying an additional 3,237 shares in the last quarter. Institutional investors own 75.99% of the company's stock.
About Kimball Electronics
(
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Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.
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