Knowles Corporation (NYSE:KN) – Stock analysts at Dougherty & Co cut their Q3 2017 EPS estimates for Knowles Corporation in a report released on Thursday. Dougherty & Co analyst C. Anderson now anticipates that the communications equipment provider will earn $0.19 per share for the quarter, down from their previous estimate of $0.24. Dougherty & Co currently has a “Buy” rating and a $22.00 target price on the stock. Dougherty & Co also issued estimates for Knowles Corporation’s FY2018 earnings at $0.93 EPS.

Knowles Corporation (NYSE:KN) last released its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. The business had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $190.24 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year.

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A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Knowles Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub lowered Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Knowles Corporation presently has an average rating of “Hold” and an average price target of $18.33.

Shares of Knowles Corporation (NYSE:KN) opened at 14.17 on Monday. Knowles Corporation has a 1-year low of $13.32 and a 1-year high of $19.90. The stock’s 50 day moving average price is $15.79 and its 200 day moving average price is $17.67. The stock’s market cap is $1.27 billion.

In other Knowles Corporation news, insider Michael S. Polacek purchased 3,246 shares of Knowles Corporation stock in a transaction on Friday, August 4th. The stock was bought at an average price of $15.40 per share, for a total transaction of $49,988.40. Following the transaction, the insider now owns 42,866 shares of the company’s stock, valued at approximately $660,136.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new position in shares of Knowles Corporation during the second quarter worth about $181,842,000. BlackRock Inc. raised its position in shares of Knowles Corporation by 16,850.3% in the first quarter. BlackRock Inc. now owns 9,107,540 shares of the communications equipment provider’s stock worth $172,588,000 after buying an additional 9,053,809 shares during the period. JPMorgan Chase & Co. raised its position in shares of Knowles Corporation by 23,168.8% in the first quarter. JPMorgan Chase & Co. now owns 1,399,150 shares of the communications equipment provider’s stock worth $26,514,000 after buying an additional 1,393,137 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Knowles Corporation by 27.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,618,463 shares of the communications equipment provider’s stock worth $61,225,000 after buying an additional 781,379 shares during the period. Finally, Northern Trust Corp raised its position in shares of Knowles Corporation by 53.6% in the second quarter. Northern Trust Corp now owns 2,152,618 shares of the communications equipment provider’s stock worth $36,423,000 after buying an additional 751,386 shares during the period.

About Knowles Corporation

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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