Kimball Electronics (NASDAQ:KE) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Kimball Electronics (NASDAQ:KE) announced its quarterly earnings results on Wednesday. The electronics maker reported $0.25 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.15), FiscalAI reports. The firm 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 1.41% and a return on equity of 3.10%.

Kimball Electronics Stock Performance

Kimball Electronics stock traded down $0.95 on Friday, hitting $19.50. The company’s stock had a trading volume of 336,465 shares, compared to its average volume of 182,821. The firm has a market cap of $467.72 million, a P/E ratio of 23.20 and a beta of 1.23. The company has a fifty day moving average price of $26.10 and a 200-day moving average price of $25.63. Kimball Electronics has a one year low of $19.11 and a one year high of $32.00. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

KE has been the topic of a number of recent research reports. Cantor Fitzgerald dropped coverage on shares of Kimball Electronics in a report on Monday, October 12th. They set an “overweight” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a report on Monday. Finally, Zacks Research downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Kimball Electronics has an average rating of “Hold” and a consensus target price of $32.00.

About Kimball Electronics

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.