Kimball International, Inc. (KBAL) Issues Earnings Results

Kimball International, Inc. (NASDAQ:KBAL) released its quarterly earnings results on Wednesday. The company reported $0.29 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $169.52 million during the quarter. Kimball International had a net margin of 5.60% and a return on equity of 22.09%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 22nd will be given a $0.07 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.46%. Kimball International’s payout ratio is currently 28.28%.

In related news, CEO Robert F. Schneider sold 31,790 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $16.05, for a total transaction of $510,229.50. Following the transaction, the chief executive officer now owns 280,621 shares in the company, valued at approximately $4,503,967.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Separately, BidaskClub lowered shares of Kimball International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st.

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About Kimball International

Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.

Earnings History for Kimball International (NASDAQ:KBAL)

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