Knowles Corporation to Post FY2018 Earnings of $0.96 Per Share, Dougherty & Co Forecasts (KN)
Knowles Corporation (NYSE:KN) – Analysts at Dougherty & Co raised their FY2018 earnings estimates for shares of Knowles Corporation in a report issued on Monday. Dougherty & Co analyst C. Anderson now expects that the communications equipment provider will post earnings per share of $0.96 for the year, up from their previous estimate of $0.93.
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, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $190.20 million during the quarter, compared to analyst estimates of $190.24 million. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. Knowles Corporation’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS.
ILLEGAL ACTIVITY NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/24/knowles-corporation-to-post-fy2018-earnings-of-0-96-per-share-dougherty-co-forecasts-kn.html.
Several other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Knowles Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub raised shares of Knowles Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Knowles Corporation presently has a consensus rating of “Hold” and an average price target of $19.33.
Knowles Corporation (NYSE:KN) traded up 2.52% on Tuesday, reaching $15.84. The company’s stock had a trading volume of 266,093 shares. Knowles Corporation has a one year low of $14.08 and a one year high of $19.90. The company’s market capitalization is $1.42 billion. The firm has a 50-day moving average of $15.34 and a 200-day moving average of $16.50.
Several institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Knowles Corporation by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,022 shares of the communications equipment provider’s stock valued at $220,000 after acquiring an additional 66 shares in the last quarter. Amalgamated Bank raised its stake in shares of Knowles Corporation by 0.9% during the second quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock valued at $212,000 after acquiring an additional 117 shares in the last quarter. Atria Investments LLC raised its stake in shares of Knowles Corporation by 1.5% during the second quarter. Atria Investments LLC now owns 12,485 shares of the communications equipment provider’s stock valued at $211,000 after acquiring an additional 180 shares in the last quarter. Advantus Capital Management Inc raised its stake in shares of Knowles Corporation by 3.0% during the first quarter. Advantus Capital Management Inc now owns 11,356 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 329 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in shares of Knowles Corporation by 1.0% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 40,446 shares of the communications equipment provider’s stock valued at $766,000 after acquiring an additional 386 shares in the last quarter.
In other news, insider Michael S. Polacek acquired 3,246 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $15.40 per share, with a total value of $49,988.40. Following the completion of the purchase, the insider now directly owns 42,866 shares in the company, valued at $660,136.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by company insiders.
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).
Receive News & Ratings for Knowles Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles Corporation and related companies with MarketBeat.com's FREE daily email newsletter.