Key Tronic Corp. (KTCC) to Release Earnings on Monday
Key Tronic Corp. (NASDAQ:KTCC) is scheduled to post its quarterly earnings results after the market closes on Monday, October 10th. Analysts expect Key Tronic Corp. to post earnings of $0.17 per share for the quarter.
Key Tronic Corp. (NASDAQ:KTCC) last issued its earnings results on Tuesday, July 26th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The company earned $123.90 million during the quarter, compared to analyst estimates of $118.40 million. Key Tronic Corp. had a return on equity of 5.70% and a net margin of 1.35%. On average, analysts expect Key Tronic Corp. to post $0.8 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Key Tronic Corp. (NASDAQ:KTCC) traded down 0.39% during trading on Friday, reaching $7.71. The company had a trading volume of 4,665 shares. Key Tronic Corp. has a 1-year low of $6.09 and a 1-year high of $10.01. The firm has a market capitalization of $82.93 million, a PE ratio of 13.29 and a beta of 0.89. The firm has a 50-day moving average of $7.52 and a 200 day moving average of $7.49.
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Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Key Tronic Corp. by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 900,600 shares of the company’s stock worth $6,782,000 after buying an additional 9,800 shares in the last quarter. Vanguard Group Inc. raised its stake in Key Tronic Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 470,766 shares of the company’s stock worth $3,545,000 after buying an additional 11,108 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Key Tronic Corp. by 202.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 94,097 shares of the company’s stock worth $709,000 after buying an additional 63,013 shares in the last quarter. Finally, TFS Capital LLC bought a new stake in Key Tronic Corp. during the second quarter worth $128,000. 42.10% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $12.00 target price on shares of Key Tronic Corp. in a research report on Tuesday, July 26th. Zacks Investment Research lowered Key Tronic Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th.
About Key Tronic Corp.
Key Tronic Corporation is engaged in providing electronic manufacturing services and solutions for original equipment manufacturers (OEMs). The Company also manufactures keyboards and other input devices. The Company provides engineering services, procurement and distribution across the world, materials management, world-class manufacturing and assembly services, in-house testing and unparalleled customer service.
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