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HomeGADGETSELECTRONICSResearch Analysts Offer Predictions for Kimball Electronics, Inc.’s FY2024 Earnings (NASDAQ:KE)

Research Analysts Offer Predictions for Kimball Electronics, Inc.’s FY2024 Earnings (NASDAQ:KE)

Kimball Electronics, Inc. (NASDAQ:KEFree Report) – Analysts at Cantor Fitzgerald dropped their FY2024 earnings estimates for shares of Kimball Electronics in a report issued on Wednesday, February 7th. Cantor Fitzgerald analyst D. Soderberg now expects that the electronics maker will post earnings per share of $1.62 for the year, down from their previous forecast of $2.03. Cantor Fitzgerald has a “Overweight” rating and a $28.00 price objective on the stock. The consensus estimate for Kimball Electronics’ current full-year earnings is $1.96 per share.

Separately, B. Riley dropped their target price on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday.

Get Our Latest Report on KE

Kimball Electronics Price Performance

Shares of Kimball Electronics stock opened at $20.75 on Friday. The firm has a market cap of $516.05 million, a P/E ratio of 9.56 and a beta of 1.34. Kimball Electronics has a twelve month low of $19.52 and a twelve month high of $31.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.94 and a current ratio of 1.97. The firm’s 50-day simple moving average is $24.93 and its 200-day simple moving average is $26.45.

Kimball Electronics (NASDAQ:KEGet Free Report) last issued its earnings results on Monday, November 6th. The electronics maker reported $0.43 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $448.00 million.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KE. UBS Group AG raised its position in shares of Kimball Electronics by 82.3% in the third quarter. UBS Group AG now owns 1,929 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 871 shares during the period. First Financial Corp IN acquired a new stake in Kimball Electronics during the 4th quarter worth approximately $54,000. West Tower Group LLC acquired a new stake in Kimball Electronics during the 2nd quarter worth approximately $55,000. NBC Securities Inc. bought a new position in Kimball Electronics during the 3rd quarter worth approximately $81,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Kimball Electronics by 38.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,995 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 831 shares during the last quarter. Institutional investors and hedge funds 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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