Knowles Corporation (KN) Receives Consensus Rating of “Hold” from Brokerages
Shares of Knowles Corporation (NYSE:KN) have received an average recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $17.80.
A number of brokerages recently weighed in on KN. Dougherty & Co began coverage on shares of Knowles Corporation in a report on Thursday, June 8th. They set a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research raised shares of Knowles Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded shares of Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th.
A number of hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in shares of Knowles Corporation by 70.8% in the first quarter. Fisher Asset Management LLC now owns 118,928 shares of the communications equipment provider’s stock valued at $2,254,000 after buying an additional 49,288 shares during the last quarter. Nationwide Fund Advisors boosted its position in Knowles Corporation by 3.8% in the first quarter. Nationwide Fund Advisors now owns 217,934 shares of the communications equipment provider’s stock valued at $4,130,000 after buying an additional 8,048 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Knowles Corporation by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the communications equipment provider’s stock valued at $424,000 after buying an additional 500 shares in the last quarter. Alpha Windward LLC purchased a new position in Knowles Corporation during the first quarter valued at about $466,000. Finally, Inverness Counsel LLC NY boosted its position in Knowles Corporation by 81.1% in the first quarter. Inverness Counsel LLC NY now owns 667,337 shares of the communications equipment provider’s stock valued at $12,339,000 after buying an additional 298,803 shares in the last quarter.
Shares of Knowles Corporation (KN) opened at 16.67 on Monday. Knowles Corporation has a 1-year low of $12.82 and a 1-year high of $19.90. The company’s market capitalization is $1.49 billion. The firm has a 50-day moving average of $17.63 and a 200 day moving average of $18.02.
Knowles Corporation (NYSE:KN) last released its earnings results on Wednesday, April 26th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm had revenue of $193.70 million during the quarter, compared to the consensus estimate of $190 million. Knowles Corporation had a positive return on equity of 6.69% and a negative net margin of 1.86%. Knowles Corporation’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, analysts anticipate that Knowles Corporation will post $0.99 EPS for the current year.
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Knowles Corporation Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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