Kimball Electronics Inc (NASDAQ: KE) has reported earnings for its first fiscal quarter (ending September 30) of $0.13 versus $0.43 for the same period a year ago — a decline of -70%. For the latest four quarters through September 30, E.P.S. were $0.52 versus $2.29 for the same period a year ago — a decline of -77%.
Recent Price Action
Kimball Electronics Inc (NASDAQ: KE) stock closed at $18.47 on 11/4/24 after an increase of 1.8%. Moreover, this advance was accompanied by above average trading volume at 121% of normal. The stock has risen 3.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, KE is expected to continue to be a modest Value Builder.
Kimball Electronics has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kimball Electronics has a good Appreciation Score of 73 but a poor Power Rating of 16, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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