Kimball Electronics Inc. (KE) Upgraded at Zacks Investment Research
Kimball Electronics Inc. (NASDAQ:KE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
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 reissued a “buy” rating and issued a $14.50 price target on shares of Kimball Electronics in a research note on Tuesday, August 9th.
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Kimball Electronics (NASDAQ:KE) traded down 0.93% on Wednesday, reaching $13.90. 85,899 shares of the company’s stock were exchanged. Kimball Electronics has a one year low of $9.15 and a one year high of $14.28. The firm has a market cap of $391.35 million, a PE ratio of 18.29 and a beta of 0.91. The firm has a 50 day moving average price of $12.65 and a 200 day moving average price of $11.95.
Kimball Electronics (NASDAQ:KE) last released 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. Kimball Electronics had a net margin of 2.65% and a return on equity of 6.98%. The company earned $220.40 million during the quarter, compared to analyst estimates of $201.13 million. On average, equities analysts anticipate that Kimball Electronics will post $0.86 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new position in Kimball Electronics during the second quarter valued at approximately $3,541,000. JPMorgan Chase & Co. raised its position in Kimball Electronics by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 536,150 shares of the company’s stock valued at $5,989,000 after buying an additional 14,300 shares in the last quarter. NWQ Investment Management Company LLC raised its position in Kimball Electronics by 4.6% in the first quarter. NWQ Investment Management Company LLC now owns 728,694 shares of the company’s stock valued at $8,140,000 after buying an additional 32,135 shares in the last quarter. LSV Asset Management bought a new position in Kimball Electronics during the second quarter valued at approximately $214,000. Finally, Pinnacle Holdings LLC raised its position in Kimball Electronics by 0.7% in the second quarter. Pinnacle Holdings LLC now owns 90,290 shares of the company’s stock valued at $1,124,000 after buying an additional 665 shares in the last quarter. Institutional investors own 54.84% of the company’s stock.
Kimball Electronics Company Profile
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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