Dougherty & Co Comments on Knowles Corporation’s FY2018 Earnings (KN)

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.

A number of other equities analysts also recently commented on KN. Craig Hallum restated a “buy” rating and issued a $17.00 target price (down from $20.00) on shares of Knowles in a research note on Thursday, February 8th. Lake Street Capital dropped their target price on shares of Knowles from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Piper Jaffray Companies initiated coverage on shares of Knowles in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 target price on the stock. Zacks Investment Research downgraded shares of Knowles from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $20.00 target price on shares of Knowles in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.08.

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.

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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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