Knowles Corporation (NYSE:KN) – Equities researchers at Dougherty & Co reduced their FY2018 earnings per share estimates for shares of Knowles in a research note issued on Monday. Dougherty & Co analyst C. Anderson now forecasts that the communications equipment provider will post earnings of $0.74 per share for the year, down from their previous forecast of $0.80.
Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The company had revenue of $215.50 million for the quarter, compared to analyst estimates of $221.96 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis.
Knowles (NYSE KN) traded down $0.08 during trading on Tuesday, reaching $13.65. 427,308 shares of the company were exchanged, compared to its average volume of 954,653. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.78. Knowles has a 12 month low of $13.10 and a 12 month high of $19.90. The stock has a market cap of $1,198.29, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.81 and a beta of 0.78.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KN. Dimensional Fund Advisors LP boosted its stake in shares of Knowles by 20.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,343,949 shares of the communications equipment provider’s stock valued at $66,332,000 after purchasing an additional 725,486 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Knowles by 125.5% during the second quarter. Goldman Sachs Group Inc. now owns 803,070 shares of the communications equipment provider’s stock valued at $13,588,000 after purchasing an additional 446,879 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Knowles during the third quarter valued at approximately $4,447,000. Baird Financial Group Inc. bought a new position in shares of Knowles during the fourth quarter valued at approximately $3,040,000. Finally, Vanguard Group Inc. boosted its stake in shares of Knowles by 2.3% during the second quarter. Vanguard Group Inc. now owns 7,497,520 shares of the communications equipment provider’s stock valued at $126,858,000 after purchasing an additional 170,687 shares in the last quarter.
COPYRIGHT VIOLATION WARNING: “Dougherty & Co Comments on Knowles Corporation’s FY2018 Earnings (KN)” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/13/dougherty-co-comments-on-knowles-corporations-fy2018-earnings-kn.html.
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).
Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.