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.

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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).

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