Equities Analysts Offer Predictions for Knowles Corporation’s Q1 2018 Earnings (KN)

Knowles Corporation (NYSE:KN) – Equities research analysts at Dougherty & Co issued their Q1 2018 earnings per share estimates for shares of Knowles in a research report issued to clients and investors on Monday. Dougherty & Co analyst C. Anderson forecasts that the communications equipment provider will earn $0.08 per share for the quarter.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.07. The firm had revenue of $215.50 million for the quarter, compared to analyst estimates of $221.96 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Knowles from a “hold” rating to a “sell” rating in a research report on Wednesday. Craig Hallum reissued a “buy” rating and set a $17.00 target price (down from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Lake Street Capital decreased their target price on shares of Knowles from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Piper Jaffray Companies began coverage on shares of Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 target price for the company. Finally, Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Knowles in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.08.

Shares of Knowles (KN) opened at $13.62 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. The company has a market cap of $1,228.72, a PE ratio of 19.34, a PEG ratio of 1.82 and a beta of 0.78. Knowles has a 52-week low of $13.10 and a 52-week high of $19.90.

A number of hedge funds have recently modified their holdings of the business. AXA grew its position in Knowles by 6.3% in the 4th quarter. AXA now owns 246,648 shares of the communications equipment provider’s stock worth $3,616,000 after purchasing an additional 14,700 shares in the last quarter. Leucadia National Corp grew its position in Knowles by 91.5% in the 4th quarter. Leucadia National Corp now owns 23,358 shares of the communications equipment provider’s stock worth $342,000 after purchasing an additional 11,160 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Knowles in the 4th quarter worth about $267,000. Geode Capital Management LLC grew its position in Knowles by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 760,980 shares of the communications equipment provider’s stock worth $11,155,000 after purchasing an additional 4,102 shares in the last quarter. Finally, Investors Research Corp bought a new stake in Knowles in the 4th quarter worth about $216,000.

In other Knowles news, Director Didier Hirsch bought 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $13.40 per share, with a total value of $26,800.00. Following the completion of the transaction, the director now directly owns 40,821 shares in the company, valued at approximately $547,001.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have bought 4,947 shares of company stock valued at $71,374. 2.20% of the stock is currently owned by insiders.

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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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