Kimball Electronics (NASDAQ:KE) Stock, Quote.Headers.trade-ideas

Kimball Electronics

Kimball Electronics Inc is a contract electronic manufacturing services company. The company is engaged in producing durable electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services utilize common production and support capabilities. It is also engaged in producing safety-critical electronic assemblies for its automotive customers. Geographically, it has business units located in the United States, China, Mexico, Poland, Romania, and Thailand. The company derives maximum revenue from Mexico.

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) affirms FY2025 sales outlook from $1.44 billion-1.54 billion to $1.44 billion-1.54 billion.

Guidance

Kimball Electronics Affirms FY2025 Sales Guidance from $1.44B-1.54B to $1.44B-1.54B

The company expects to incur approximately $8 million to $11 million in total exit costs, including most significantly $6 million to $7 million in employee termination benefits and $2 million to $3 million in logistical costs to transfer and validate programs at other facilities. It expects these costs to be predominantly cash expenditures. Once the transfers are complete and operations have ceased, it expects to sell the building and land in Tampa.

Kimball Electronics  Board Approves Plan To Cease Operations Of Tampa Facility By End Of The Fiscal Year

Cantor Fitzgerald analyst Derek Soderberg maintains Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) with a Overweight and lowers the price target from $28 to $22.

Price Target

Cantor Fitzgerald Maintains Overweight on Kimball Electronics, Lowers Price Target to $22

During the last three months, 4 analysts shared their evaluations of Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Kimball Electronics and provided 12-month price targets. The average target is $22.75, accompanied by a high estimate of $29.00 and a low estimate of $19.00. This current average has decreased by 23.32% from the previous average price target of $29.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1723752039_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Kimball Electronics is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jaeson Schmidt</td>
<td>Lake Street</td>
<td>Lowers</td>
<td>Buy</td>
<td>$23.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Mike Crawford</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$29.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Anja Soderstrom</td>
<td>Sidoti &amp; Co.</td>
<td>Announces</td>
<td>Neutral</td>
<td>$19.00</td>
<td>-</td>
</tr>
<tr>
<td>Tim Moore</td>
<td>EF Hutton</td>
<td>Lowers</td>
<td>Hold</td>
<td>$20.00</td>
<td>$34.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Kimball Electronics. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Kimball Electronics compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Kimball Electronics's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kimball Electronics analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Kimball Electronics</h2>
Kimball Electronics Inc is a contract electronic manufacturing services company. The company is engaged in producing durable electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services utilize common production and support capabilities. It is also engaged in producing safety-critical electronic assemblies for its automotive customers. Geographically, it derives a majority of revenue from the United States.
<h3>Kimball Electronics's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Kimball Electronics faced challenges, resulting in a decline of approximately -12.31% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -1.43%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Kimball Electronics's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.12%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -0.48%, the company showcases effective utilization of assets.
Debt Management: Kimball Electronics's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.59, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Kimball Electronics

Lake Street analyst Jaeson Schmidt maintains Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) with a Buy and lowers the price target from $25 to $23.

Lake Street Maintains Buy on Kimball Electronics, Lowers Price Target to $23

B. Riley Securities analyst Mike Crawford maintains Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) with a Buy and lowers the price target from $30 to $29.

B. Riley Securities Maintains Buy on Kimball Electronics, Lowers Price Target to $29

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e74c9b45f2b9b0001153cf7/anja-soderstrom">Sidoti &amp; Co. analyst Anja Soderstrom</a> downgraded Kimball Electronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) from Buy to Neutral and announced a price target of $19. Kimball Electronics shares fell 10.6% to close at $18.28 on Wednesday. <a href="https://www.benzinga.com/quote/KE/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-1024x569.png" alt="" class="wp-image-496699" style="width:513px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116.png 1236w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Sidoti &amp; Co. analyst Anja Soderstrom downgrades Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) from Buy to Neutral and announces $19 price target.

Sidoti & Co. Downgrades Kimball Electronics to Neutral, Announces $19 Price Target

EF Hutton analyst Tim Moore downgrades Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) from Buy to Hold and lowers the price target from $34 to $20.

EF Hutton Downgrades Kimball Electronics to Hold, Lowers Price Target to $20

Kimball Electronics shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY24 net sales guidance below estimates.

Fiscal Year 2025&nbsp;Guidance
<ul>
<li>Net sales in the range of&nbsp;$1.440&nbsp;-&nbsp;$1.540 billion, an&nbsp;8%&nbsp;to&nbsp;14%&nbsp;decline year-over-year when excluding net sales from Automation, Test and Measurement.&nbsp;(a)</li>
<li>Adjusted operating income of&nbsp;4.0%&nbsp;-&nbsp;4.5%&nbsp;of net sales.&nbsp;(b)</li>
<li>Capital expenditures of&nbsp;$40&nbsp;-&nbsp;$50 million.</li>
</ul>

Earnings

Kimball Electronics 2025 Guidance: Expects Net Sales Of $1.44B - $1.54B Vs. $1.731B Consensus; Adjusted Operating Margin Of 4%-4.5%

Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.44 by 25 percent. This is a 56.58 percent decrease over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $430.158 million which missed the analyst consensus estimate of $446.217 million by 3.60 percent. This is a 13.30 percent decrease over sales of $496.141 million the same period last year.

Earnings Misses

Kimball Electronics Q4 2024 Adj. EPS $0.33 Misses $0.44 Estimate, Sales $430.158M Miss $446.217M Estimate

600 new employees will be based in Asia and the U.S., with offices in Vietnam, China, India, Japan and Silicon Valley.
MONTREAL, Aug. 1, 2024 /PRNewswire/ - <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4222673-1&amp;h=333636984&amp;u=https%3A%2F%2Fwww.averna.com%2Fen%2Fhome&amp;a=Averna">Averna</a>, a leading global test &amp; quality solutions provider, announced the acquisition of Global Equipment Services, Inc. (GES), a division of Kimball Electronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) specialized in automation, test and measurement solutions for industries such as consumer electronics, semiconductor and medical&nbsp;devices.

Asset Sales

Averna Expands Its Asian And North American Footprint With The Acquisition Of Global Equipment Services, Inc. From Kimball Electronics; No Financial Terms Disclosed

EF Hutton analyst Tim Moore maintains Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) with a Buy and maintains $34 price target.

EF Hutton Maintains Buy on Kimball Electronics, Maintains $34 Price Target

Kimball Electronics Says FY24 Net Sales Are Expected To Decline 4-6%

Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.40 by 15 percent. This is a 47.69 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $425.036 million which missed the analyst consensus estimate of $440.200 million by 3.44 percent. This is a 12.31 percent decrease over sales of $484.703 million the same period last year.

Kimball Electronics Q3 2024 Adj EPS $0.34 Misses $0.40 Estimate, Sales $425.036M Miss $440.200M Estimate

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Shares of several companies in the broader tech sector are trading lower as Treasury yields rise following a greater-than-expected increase in U.S. January inflation data.

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