Insider Buying: Knowles Corporation (KN) Insider Buys 925 Shares of Stock
Knowles Corporation (NYSE:KN) insider Michael S. Polacek acquired 925 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $16.18 per share, for a total transaction of $14,966.50. Following the completion of the transaction, the insider now directly owns 43,791 shares in the company, valued at approximately $708,538.38. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Knowles Corporation (NYSE KN) traded up $0.30 on Monday, reaching $16.46. 541,700 shares of the company’s stock traded hands, compared to its average volume of 795,357. The company has a quick ratio of 1.43, a current ratio of 2.39 and a debt-to-equity ratio of 0.29. The company has a market cap of $1,450.00, a PE ratio of 24.21, a P/E/G ratio of 2.55 and a beta of 0.80. Knowles Corporation has a 1-year low of $14.11 and a 1-year high of $19.90.
Knowles Corporation (NYSE:KN) last posted its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The business had revenue of $221.70 million for the quarter, compared to analysts’ expectations of $220.62 million. Knowles Corporation had a net margin of 0.25% and a return on equity of 6.13%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. research analysts forecast that Knowles Corporation will post 0.64 earnings per share for the current fiscal year.
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KN has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Knowles Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Robert W. Baird restated a “buy” rating and set a $20.00 target price on shares of Knowles Corporation in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Knowles Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Knowles Corporation currently has an average rating of “Hold” and a consensus price target of $18.75.
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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