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 released its earnings results on Wednesday, August 2nd. The electronics maker reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Kimball Electronics had a return on equity of 9.24% and a net margin of 3.67%. The firm had revenue of $241.27 million during the quarter. 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 22.20 on Friday. The firm has a market cap of $595.27 million, a P/E ratio of 17.90 and a beta of 1.02. Kimball Electronics, Inc. has a 12 month low of $13.75 and a 12 month high of $22.45. The stock’s 50 day moving average price is $21.32 and its 200-day moving average price is $18.88.
Kimball Electronics declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 42% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
A number of equities analysts have issued reports on KE shares. BidaskClub raised shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 15th. ValuEngine cut shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
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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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