Key Tronic (NASDAQ:KTCC) Releases Q3 2024 Earnings Guidance

Key Tronic (NASDAQ:KTCC) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.230–0.180 for the period. The company issued revenue guidance of $140.0 million-$140.0 million. Key Tronic also updated its Q4 2024 guidance to 0.000-0.100 EPS.

Key Tronic Stock Down 0.9 %

Shares of KTCC traded down $0.04 during trading hours on Thursday, hitting $4.57. The company had a trading volume of 23,471 shares, compared to its average volume of 16,037. The company has a market capitalization of $49.17 million, a PE ratio of 11.15 and a beta of 1.43. The company has a current ratio of 2.64, a quick ratio of 1.59 and a debt-to-equity ratio of 0.87. Key Tronic has a one year low of $3.72 and a one year high of $7.02. The company’s fifty day moving average price is $4.70 and its two-hundred day moving average price is $4.35.

Key Tronic (NASDAQ:KTCC) last announced its earnings results on Tuesday, February 6th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Key Tronic had a return on equity of 3.41% and a net margin of 0.72%. The firm had revenue of $145.42 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Key Tronic in a research note on Tuesday. They set a buy rating on the stock.

Key Tronic Company Profile

Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; prototype design; and full product assembly services.