According to Zacks, “Kimball Electronics Inc. operates as a contract manufacturer of durable goods electronics. The Company specializes in durable electronics for the medical, automotive, industrial and public safety markets. It provides design, engineering, manufacturing, packaging, and distribution of electronic assemblies and circuit boards on a contract basis to a variety of industries. The Company has manufacturing operations primarily in the United States, Mexico, Thailand, Poland, and China. Kimball Electronics Inc. is headquartered in Jasper, Indiana. “
Separately, B. Riley reaffirmed a buy rating and set a $14.50 price target on shares of Kimball Electronics in a research note on Tuesday, August 9th.
Kimball Electronics (NASDAQ:KE) traded up 0.0727% during midday trading on Wednesday, reaching $13.9101. The company’s stock had a trading volume of 33,751 shares. The stock’s 50-day moving average price is $12.65 and its 200-day moving average price is $11.95. Kimball Electronics has a 12 month low of $9.15 and a 12 month high of $14.28. The firm has a market capitalization of $391.64 million, a price-to-earnings ratio of 18.3028 and a beta of 0.90.
Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $220.40 million for the quarter, compared to the consensus estimate of $201.13 million. Kimball Electronics had a net margin of 2.65% and a return on equity of 6.98%. Analysts predict that Kimball Electronics will post $0.86 EPS for the current year.
Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of Kimball Electronics by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 536,150 shares of the company’s stock worth $5,989,000 after buying an additional 14,300 shares during the period. NWQ Investment Management Company LLC increased its stake in shares of Kimball Electronics by 4.6% in the first quarter. NWQ Investment Management Company LLC now owns 728,694 shares of the company’s stock worth $8,140,000 after buying an additional 32,135 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Kimball Electronics by 40.3% in the first quarter. Goldman Sachs Group Inc. now owns 152,408 shares of the company’s stock worth $1,702,000 after buying an additional 43,754 shares during the period. BKD Wealth Advisors LLC increased its stake in shares of Kimball Electronics by 1,816.2% in the second quarter. BKD Wealth Advisors LLC now owns 480,478 shares of the company’s stock worth $5,982,000 after buying an additional 455,404 shares during the period. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Kimball Electronics during the second quarter worth approximately $3,541,000. Institutional investors own 54.84% of the company’s stock.
About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is engaged in providing engineering, manufacturing and supply chain services. The Company offers its services to customers in the automotive, medical, industrial and public safety end markets. The Company offers engineering, manufacturing and supply chain services, such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of different environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management.
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