Kimball Electronics (NASDAQ:KE) Upgraded at Zacks Research

Key Points

• Zacks Research has upgraded Kimball Electronics (NASDAQ:KE) from a "hold" rating to a "strong-buy" rating, reflecting improved market confidence in the company's performance.
• Despite this upgrade, Wall Street Zen recently downgraded the stock from a "strong-buy" to a "buy," indicating mixed assessments among analysts regarding Kimball Electronics.
• The company reported a strong quarterly performance, with earnings per share (EPS) of $0.34, surpassing analyst estimates and driving positive sentiment around the stock.

Zacks Research upgraded shares of Kimball Electronics (NASDAQ:KE - Free Report) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on KE. B. Riley restated a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Wall Street Zen downgraded Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. Finally, Lake Street Capital increased their target price 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 and two have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $28.00.

Kimball Electronics Price Performance

Shares of KE stock traded up $0.19 on Thursday, hitting $29.06. 309,290 shares of the company's stock were exchanged, compared to its average volume of 269,918. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.24. Kimball Electronics has a 12 month low of $12.41 and a 12 month high of $29.11. The stock has a market cap of $708.48 million, a P/E ratio of 25.78 and a beta of 1.28. The company has a 50 day moving average of $21.83 and a 200 day moving average of $18.48.

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 5.11% 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, equities research analysts predict that Kimball Electronics will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in Kimball Electronics by 18.6% during the second quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker's stock worth $13,431,000 after purchasing an additional 109,553 shares during the period. Earnest Partners LLC grew its stake in Kimball Electronics by 10.3% during the first quarter. Earnest Partners LLC now owns 691,417 shares of the electronics maker's stock worth $11,374,000 after purchasing an additional 64,307 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Kimball Electronics by 70.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 411,921 shares of the electronics maker's stock worth $7,921,000 after purchasing an additional 169,735 shares during the period. Envestnet Asset Management Inc. grew its stake in Kimball Electronics by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 350,253 shares of the electronics maker's stock worth $6,735,000 after purchasing an additional 11,023 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Kimball Electronics by 34.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker's stock worth $4,946,000 after purchasing an additional 77,272 shares during the period. Institutional investors and hedge funds own 75.99% of the company's stock.

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.