Kimball Electronics (KE) Earning Somewhat Favorable News Coverage, Study Finds

News articles about Kimball Electronics (NASDAQ:KE) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kimball Electronics earned a news impact score of 0.03 on Accern’s scale. Accern also assigned media headlines about the electronics maker an impact score of 45.7424723242767 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Kimball Electronics (NASDAQ:KE) traded up 0.68% on Wednesday, hitting $22.05. The stock had a trading volume of 38,752 shares. The firm’s 50-day moving average price is $20.62 and its 200 day moving average price is $18.52. The firm has a market cap of $591.25 million, a PE ratio of 17.78 and a beta of 1.02. Kimball Electronics has a 52-week low of $13.55 and a 52-week high of $22.30.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $241.27 million during the quarter. Kimball Electronics had a return on equity of 9.24% and a net margin of 3.67%. On average, equities research analysts predict that Kimball Electronics will post $0.93 EPS for the current year.

Kimball Electronics announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 24th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the electronics maker to repurchase up to 42% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several brokerages have recently issued reports on KE. ValuEngine cut Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 15th.

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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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