Kimball Electronics, Inc. (KE) Announces Quarterly Earnings Results
Kimball Electronics, Inc. (NASDAQ:KE) issued its quarterly earnings data on Wednesday. The electronics maker reported $0.31 EPS for the quarter, Bloomberg Earnings reports. Kimball Electronics had a net margin of 3.67% and a return on equity of 9.24%. The business had revenue of $253.20 million during the quarter.
Several analysts have commented on KE shares. BidaskClub lowered shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. ValuEngine lowered shares of Kimball Electronics from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.
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Kimball Electronics announced that its Board of Directors has approved a stock buyback program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the electronics maker to repurchase up to 42% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Kimball Electronics Company Profile
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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