Media coverage about Kimball Electronics (NASDAQ:KE) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kimball Electronics earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the electronics maker an impact score of 46.5578309638858 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Kimball Electronics (KE) traded up 1.52% on Tuesday, reaching $20.00. 13,044 shares of the company traded hands. Kimball Electronics has a 52-week low of $11.54 and a 52-week high of $20.30. The firm has a 50-day moving average of $18.96 and a 200-day moving average of $17.59. The company has a market capitalization of $539.14 million, a PE ratio of 16.13 and a beta of 0.98.
Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Kimball Electronics had a return on equity of 9.24% and a net margin of 3.67%. The business had revenue of $241.27 million during the quarter. On average, equities research analysts forecast that Kimball Electronics will post $0.93 earnings per share for the current fiscal year.
Kimball Electronics announced that its Board of Directors has initiated a stock repurchase program on Thursday, August 24th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the electronics maker to purchase up to 42% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
Separately, BidaskClub downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th.
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About Kimball Electronics
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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