Kimball Electronics, Inc. (NASDAQ:KE) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Kimball Electronics, Inc. (NASDAQ:KE) have been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $32.00.

A number of brokerages have weighed in on KE. KeyCorp initiated coverage on Kimball Electronics in a research note on Thursday, July 2nd. They set a “sector weight” rating for the company. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Wall Street Zen downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th.

Institutional Investors Weigh In On Kimball Electronics

A number of institutional investors have recently added to or reduced their stakes in KE. Royal Bank of Canada increased its stake in Kimball Electronics by 5.8% in the 1st quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 1,588 shares in the last quarter. AQR Capital Management LLC lifted its stake in Kimball Electronics by 24.0% during the first quarter. AQR Capital Management LLC now owns 259,734 shares of the electronics maker’s stock valued at $4,273,000 after buying an additional 50,245 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Kimball Electronics by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after buying an additional 624 shares during the period. Empowered Funds LLC increased its position in shares of Kimball Electronics by 8.3% in the first quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker’s stock worth $1,458,000 after acquiring an additional 6,803 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Kimball Electronics in the first quarter worth approximately $411,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Down 0.6%

KE opened at $23.57 on Friday. Kimball Electronics has a 1 year low of $21.01 and a 1 year high of $33.19. The firm has a 50 day moving average price of $25.11 and a 200 day moving average price of $25.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. The company has a market cap of $566.86 million, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $371.57 million for the quarter, compared to analyst estimates of $373.63 million. Kimball Electronics had a net margin of 1.95% and a return on equity of 4.42%. Sell-side analysts expect that Kimball Electronics will post 1.13 earnings per share for the current year.

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.