Kimball Electronics (NASDAQ:KE) Sets New 1-Year Low - What's Next?

Key Points

• Kimball Electronics fell to a new 52-week low, trading as low as $19.11 and last at $19.26, down from its prior close of $20.45.
• Analysts’ consensus rating is Hold, with a consensus price target of $32.00; one analyst rates the shares Buy and three rate them Hold.
• In its latest quarter, the company reported EPS of $0.25, missing the $0.40 consensus estimate, while revenue of $390.8 million exceeded expectations of $387.2 million.

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report)'s stock price reached a new 52-week low on Friday. The company traded as low as $19.11 and last traded at $19.26, with a volume of 491,143 shares changing hands. The stock had previously closed at $20.45.

Analysts Set New Price Targets

A number of research analysts recently commented on KE shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kimball Electronics in a research note on Monday. Cantor Fitzgerald dropped coverage on shares of Kimball Electronics in a report on Monday, October 12th. They issued an "overweight" rating on the stock. Finally, Zacks Research cut shares of Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Kimball Electronics presently has a consensus rating of "Hold" and a consensus target price of $32.00.

Kimball Electronics Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.27 and a current ratio of 2.09. The company has a market cap of $462.05 million, a price-to-earnings ratio of 25.73 and a beta of 1.23. The business has a fifty day moving average price of $26.01 and a 200 day moving average price of $25.57.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Wednesday, November 4th. The electronics maker reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.15). The business had revenue of $390.80 million during the quarter, compared to the consensus estimate of $387.20 million. Kimball Electronics had a net margin of 1.95% and a return on equity of 4.41%. As a group, research analysts anticipate that Kimball Electronics, Inc. will post 1.32 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in Kimball Electronics by 1.6% in the 3rd quarter. Fifth Third Bancorp now owns 41,673 shares of the electronics maker's stock valued at $1,139,000 after buying an additional 656 shares during the last quarter. BOKF NA boosted its position in Kimball Electronics by 41.5% during the 3rd quarter. BOKF NA now owns 13,928 shares of the electronics maker's stock worth $381,000 after buying an additional 4,086 shares during the period. Signaturefd LLC boosted its position in Kimball Electronics by 70.4% during the 3rd quarter. Signaturefd LLC now owns 2,082 shares of the electronics maker's stock worth $57,000 after buying an additional 860 shares during the period. Cardinal Capital Management grew its holdings in Kimball Electronics by 5.3% during the 3rd quarter. Cardinal Capital Management now owns 113,882 shares of the electronics maker's stock worth $3,112,000 after acquiring an additional 5,710 shares during the last quarter. Finally, Sax Wealth Advisors LLC bought a new stake in Kimball Electronics during the 3rd quarter worth approximately $205,000. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a contract manufacturing and engineering services company that helps original equipment manufacturers design, develop and produce electronic and electrical products. The company provides services spanning product design and development, prototyping, testing, manufacturing, supply chain management and aftermarket support.

Kimball Electronics serves customers in the automotive, medical and industrial markets. Its manufacturing capabilities support products and systems such as automotive electronics, medical devices and equipment, industrial controls, power-management products and other complex electronic assemblies.

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