Knowles (NYSE:KN) issued its earnings results on Wednesday. The communications equipment provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.07, Briefing.com reports. The firm had revenue of $215.50 million during the quarter, compared to the consensus estimate of $221.96 million. Knowles had a return on equity of 6.13% and a net margin of 0.25%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Knowles updated its Q1 guidance to $0.10-0.14 EPS.
Shares of Knowles (KN) traded down $0.35 during mid-day trading on Thursday, reaching $13.98. The company had a trading volume of 626,233 shares, compared to its average volume of 813,011. Knowles has a 1-year low of $13.45 and a 1-year high of $19.90. The company has a market capitalization of $1,271.35, a PE ratio of 716.86, a PEG ratio of 1.92 and a beta of 0.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.39 and a quick ratio of 1.43.
KN has been the subject of several recent research reports. Zacks Investment Research raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, October 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Knowles in a research note on Friday, October 27th. Lake Street Capital reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Knowles in a research note on Monday, November 20th. Piper Jaffray Companies initiated coverage on Knowles in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 price objective for the company. Finally, Craig Hallum lowered their price objective on Knowles from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Knowles has an average rating of “Hold” and a consensus target price of $18.08.
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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