Kimball Electronics (KE) to Release Earnings on Monday

Kimball Electronics (NASDAQ:KE) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). The company had revenue of $430.16 million for the quarter, compared to the consensus estimate of $429.00 million. Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, analysts expect Kimball Electronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kimball Electronics Stock Performance

NASDAQ KE opened at $17.83 on Monday. The stock has a market cap of $443.41 million, a P/E ratio of 13.93 and a beta of 1.26. The company’s 50-day simple moving average is $17.92 and its 200 day simple moving average is $20.46. Kimball Electronics has a twelve month low of $16.64 and a twelve month high of $27.73. The company has a quick ratio of 1.36, a current ratio of 2.26 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

KE has been the topic of a number of analyst reports. Lake Street Capital lowered their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. B. Riley lowered their target price on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Sidoti cut shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 15th. EF Hutton Acquisition Co. I cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, Cantor Fitzgerald lowered their target price on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.25.

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.