Knowles Corp. (KN) Receives Consensus Rating of “Hold” from Analysts
Knowles Corp. (NYSE:KN) has been given an average rating of “Hold” by the twelve brokerages that are currently covering the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.78.
A number of research firms have recently weighed in on KN. Zacks Investment Research lowered Knowles Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Benchmark Co. started coverage on shares of Knowles Corp. in a research note on Wednesday, June 29th. They set a “hold” rating and a $15.00 target price for the company. Susquehanna started coverage on shares of Knowles Corp. in a research note on Tuesday, September 20th. They issued a “negative” rating and a $12.00 price objective for the company. Roth Capital started coverage on shares of Knowles Corp. in a research note on Thursday, September 29th. They issued a “buy” rating and a $16.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Knowles Corp. in a research note on Tuesday, September 6th. They issued a “neutral” rating and a $15.00 price objective for the company.
In related news, VP Thomas G. Jackson sold 3,764 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $13.42, for a total transaction of $50,512.88. Following the completion of the transaction, the vice president now directly owns 32,059 shares of the company’s stock, valued at $430,231.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.49% of the company’s stock.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC purchased a new position in Knowles Corp. during the second quarter valued at about $114,000. Public Employees Retirement System of Ohio boosted its position in shares of Knowles Corp. by 11.6% in the second quarter. Public Employees Retirement System of Ohio now owns 9,555 shares of the company’s stock worth $131,000 after buying an additional 994 shares during the period. Bluestein R H & Co. bought a new position in shares of Knowles Corp. during the second quarter worth about $137,000. Fox Run Management L.L.C. bought a new position in shares of Knowles Corp. during the second quarter worth about $138,000. Finally, Jag Capital Management LLC bought a new position in shares of Knowles Corp. during the second quarter worth about $147,000.
Shares of Knowles Corp. (NYSE:KN) traded down 1.82% during trading on Thursday, reaching $14.06. The company had a trading volume of 175,330 shares. Knowles Corp. has a 1-year low of $9.68 and a 1-year high of $21.75. The firm’s market capitalization is $1.25 billion. The firm has a 50-day moving average of $14.07 and a 200 day moving average of $13.96.
Knowles Corp. (NYSE:KN) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Knowles Corp. had a positive return on equity of 4.04% and a negative net margin of 26.09%. The business had revenue of $190.30 million for the quarter, compared to analyst estimates of $189.88 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Analysts expect that Knowles Corp. will post $0.84 earnings per share for the current year.
About Knowles Corp.
Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. It uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables.
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