Kimball Electronics, Inc. (KE) Set to Announce Earnings on Tuesday
Kimball Electronics, Inc. (NASDAQ:KE) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 31st.
Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $241.27 million during the quarter. Kimball Electronics had a net margin of 3.67% and a return on equity of 9.24%. On average, analysts expect Kimball Electronics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Kimball Electronics, Inc. (NASDAQ:KE) opened at 21.65 on Tuesday. The company has a market cap of $580.52 million, a PE ratio of 17.46 and a beta of 1.02. Kimball Electronics, Inc. has a 12 month low of $13.60 and a 12 month high of $22.45. The stock has a 50 day moving average of $21.07 and a 200-day moving average of $18.76.
Kimball Electronics declared that its board has authorized a stock repurchase program on Thursday, August 24th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the electronics maker to reacquire up to 42% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several research analysts have commented on KE shares. BidaskClub downgraded Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. ValuEngine downgraded Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, 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 range of industries.
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