Media stories about Kimball Electronics (NASDAQ:KE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimball Electronics earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the electronics maker an impact score of 46.0882107362689 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Kimball Electronics (KE) opened at $19.60 on Friday. The stock has a market cap of $526.04, a PE ratio of 16.47 and a beta of 1.01. Kimball Electronics has a 1 year low of $15.05 and a 1 year high of $22.45.
Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $253.20 million for the quarter. Kimball Electronics had a net margin of 3.40% and a return on equity of 9.63%.
Kimball Electronics declared that its board has initiated a share buyback program on Thursday, August 24th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 42% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have commented on KE. BidaskClub cut shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. ValuEngine cut shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
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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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