Kimball International (KBAL) Releases Quarterly Earnings Results

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Kimball International (NASDAQ:KBAL) posted its earnings results on Monday. The company reported $0.31 EPS for the quarter, Morningstar.com reports. Kimball International had a net margin of 5.02% and a return on equity of 20.56%. The firm had revenue of $194.12 million for the quarter.

Shares of Kimball International stock traded down $0.04 during mid-day trading on Wednesday, hitting $16.00. 200 shares of the stock were exchanged, compared to its average volume of 81,793. Kimball International has a 12 month low of $15.40 and a 12 month high of $20.17. The stock has a market cap of $615.02 million, a P/E ratio of 15.91 and a beta of 1.29.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 21st will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, December 20th. This represents a $0.32 annualized dividend and a dividend yield of 2.00%.

Several equities analysts have commented on KBAL shares. BidaskClub raised shares of Kimball International from a “sell” rating to a “hold” rating in a research report on Saturday, August 4th. ValuEngine cut shares of Kimball International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

Several institutional investors have recently bought and sold shares of KBAL. Meeder Asset Management Inc. lifted its position in shares of Kimball International by 127.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,761 shares of the company’s stock worth $109,000 after buying an additional 3,794 shares in the last quarter. Ramsey Quantitative Systems lifted its position in shares of Kimball International by 96.8% during the 2nd quarter. Ramsey Quantitative Systems now owns 13,019 shares of the company’s stock worth $210,000 after buying an additional 6,405 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Kimball International by 8.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 54,557 shares of the company’s stock worth $867,000 after buying an additional 4,375 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Kimball International by 34.0% during the 3rd quarter. First Trust Advisors LP now owns 55,942 shares of the company’s stock worth $937,000 after buying an additional 14,203 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Kimball International by 351.8% during the 3rd quarter. Victory Capital Management Inc. now owns 86,013 shares of the company’s stock worth $1,441,000 after buying an additional 66,974 shares in the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

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About Kimball International

Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.

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Earnings History for Kimball International (NASDAQ:KBAL)

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