Sidoti Predicts Higher Earnings for Kimball Electronics

Kimball Electronics, Inc. (NASDAQ:KE) – Investment analysts at Sidoti increased their FY2027 earnings estimates for shares of Kimball Electronics in a report released on Monday, July 6th. Sidoti analyst A. Soderstrom now expects that the electronics maker will earn $1.04 per share for the year, up from their prior forecast of $1.01. The consensus estimate for Kimball Electronics’ current full-year earnings is $1.21 per share. Sidoti also issued estimates for Kimball Electronics’ FY2028 earnings at $1.43 EPS.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $352.92 million during the quarter, compared to analyst estimates of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%.

KE has been the subject of several other reports. KeyCorp initiated coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They issued a “sector weight” rating for the company. Weiss Ratings upgraded shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Zacks Research raised Kimball Electronics from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Wall Street Zen downgraded Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.00.

Kimball Electronics Stock Down 2.8%

Shares of Kimball Electronics stock opened at $24.96 on Tuesday. The stock has a 50-day simple moving average of $25.50 and a 200-day simple moving average of $26.21. Kimball Electronics has a 52-week low of $18.04 and a 52-week high of $33.19. The firm has a market cap of $600.26 million, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29.

Institutional Investors Weigh In On Kimball Electronics

Several hedge funds and other institutional investors have recently modified their holdings of KE. Parallel Advisors LLC boosted its holdings in Kimball Electronics by 122.8% in the 1st quarter. Parallel Advisors LLC now owns 2,324 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 1,281 shares during the period. NewEdge Advisors LLC raised its position in shares of Kimball Electronics by 74.6% during the first quarter. NewEdge Advisors LLC now owns 187,186 shares of the electronics maker’s stock valued at $4,434,000 after buying an additional 80,000 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Kimball Electronics by 82.7% in the first quarter. Empowered Funds LLC now owns 215,283 shares of the electronics maker’s stock valued at $5,100,000 after buying an additional 97,459 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Kimball Electronics by 2.4% in the first quarter. Quantinno Capital Management LP now owns 31,578 shares of the electronics maker’s stock valued at $748,000 after buying an additional 734 shares during the period. Finally, Lazard Asset Management LLC grew its position in Kimball Electronics by 13.8% during the first quarter. Lazard Asset Management LLC now owns 164,519 shares of the electronics maker’s stock worth $3,897,000 after buying an additional 19,973 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.