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HomeGADGETSELECTRONICSB. Riley Comments on Kimball Electronics, Inc.’s FY2024 Earnings (NASDAQ:KE)

B. Riley Comments on Kimball Electronics, Inc.’s FY2024 Earnings (NASDAQ:KE)

Kimball Electronics, Inc. (NASDAQ:KEFree Report) – Analysts at B. Riley cut their FY2024 EPS estimates for Kimball Electronics in a note issued to investors on Wednesday, February 7th. B. Riley analyst M. Crawford now anticipates that the electronics maker will earn $1.58 per share for the year, down from their prior estimate of $1.89. B. Riley currently has a “Buy” rating and a $34.00 target price on the stock. The consensus estimate for Kimball Electronics’ current full-year earnings is $1.96 per share.

Separately, Cantor Fitzgerald lowered their target price on shares of Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday.

View Our Latest Analysis on Kimball Electronics

Kimball Electronics Price Performance

KE stock opened at $20.75 on Friday. The firm has a 50 day moving average price of $24.93 and a 200-day moving average price of $26.45. Kimball Electronics has a 52-week low of $19.52 and a 52-week high of $31.43. The firm has a market capitalization of $516.05 million, a price-to-earnings ratio of 9.56 and a beta of 1.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.94 and a current ratio of 1.97.

Kimball Electronics (NASDAQ:KEGet Free Report) last issued its quarterly earnings data on Monday, November 6th. The electronics maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. Kimball Electronics had a net margin of 2.97% and a return on equity of 10.37%. The business had revenue of $438.08 million during the quarter, compared to analyst estimates of $448.00 million.

Institutional Investors Weigh In On Kimball Electronics

A number of large investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. grew its position in shares of Kimball Electronics by 24.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,042 shares of the electronics maker’s stock valued at $62,000 after acquiring an additional 606 shares during the period. Swiss National Bank lifted its stake in Kimball Electronics by 8.0% in the 1st quarter. Swiss National Bank now owns 59,400 shares of the electronics maker’s stock worth $1,187,000 after purchasing an additional 4,400 shares in the last quarter. American Century Companies Inc. lifted its stake in Kimball Electronics by 10.4% in the 1st quarter. American Century Companies Inc. now owns 86,239 shares of the electronics maker’s stock worth $1,724,000 after purchasing an additional 8,147 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Kimball Electronics by 60.4% in the 1st quarter. MetLife Investment Management LLC now owns 15,311 shares of the electronics maker’s stock worth $306,000 after purchasing an additional 5,768 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Kimball Electronics by 68.0% in the 1st quarter. Sei Investments Co. now owns 34,829 shares of the electronics maker’s stock worth $707,000 after purchasing an additional 14,098 shares in the last quarter. Institutional investors own 70.56% of the company’s stock.

About Kimball Electronics

(Get Free Report)

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.

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