Insider Buying: Knowles Corporation (KN) Insider Acquires 1,007 Shares of Stock
Knowles Corporation (NYSE:KN) insider Michael S. Polacek purchased 1,007 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were bought at an average price of $14.78 per share, with a total value of $14,883.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Knowles Corporation (NYSE:KN) traded down $0.06 during midday trading on Thursday, reaching $15.32. 839,792 shares of the company’s stock were exchanged, compared to its average volume of 905,900. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.39 and a quick ratio of 1.43. The firm has a market capitalization of $1,370.00, a PE ratio of -766.00, a PEG ratio of 2.04 and a beta of 0.76. Knowles Corporation has a 1 year low of $14.11 and a 1 year high of $19.90.
Knowles (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 Zacks’ consensus estimate of $0.19 by $0.09. The firm had revenue of $221.70 million during the quarter, compared to analysts’ expectations of $220.62 million. Knowles had a net margin of 0.25% and a return on equity of 6.13%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. analysts expect that Knowles Corporation will post 0.62 EPS for the current fiscal year.
Several analysts recently commented on KN shares. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, October 24th. Lake Street Capital restated a “buy” rating and set a $20.00 price target on shares of Knowles in a report on Monday, November 20th. Robert W. Baird restated a “buy” rating and set a $20.00 price target on shares of Knowles in a report on Friday, October 27th. Finally, Piper Jaffray Companies started coverage on shares of Knowles in a report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.42.
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Knowles 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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