Equities research analysts expect that Knowles Corp (NYSE:KN) will announce $0.30 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Knowles’ earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. Knowles posted earnings per share of $0.28 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The business is scheduled to issue its next earnings results on Wednesday, October 24th.
On average, analysts expect that Knowles will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.92 to $0.97. For the next financial year, analysts expect that the firm will post earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.23. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Knowles.
Knowles (NYSE:KN) last issued its quarterly earnings results on Tuesday, July 24th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. Knowles had a net margin of 13.12% and a return on equity of 6.08%. The company had revenue of $188.40 million during the quarter, compared to the consensus estimate of $179.86 million. During the same period in the prior year, the company earned $0.11 EPS. Knowles’s revenue was up 14.6% on a year-over-year basis.
A number of equities research analysts have weighed in on the stock. Lake Street Capital reissued a “buy” rating and issued a $19.00 price target (up from $17.00) on shares of Knowles in a report on Wednesday, July 25th. Zacks Investment Research raised shares of Knowles from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. ValuEngine raised shares of Knowles from a “strong sell” rating to a “sell” rating in a report on Thursday, May 17th. Craig Hallum upped their price target on shares of Knowles from $16.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Dougherty & Co downgraded shares of Knowles from a “buy” rating to a “neutral” rating in a report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Knowles currently has an average rating of “Hold” and an average target price of $17.50.
Shares of NYSE KN opened at $16.06 on Friday. Knowles has a twelve month low of $10.94 and a twelve month high of $18.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.43. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01.
In other Knowles news, VP Thomas G. Jackson sold 2,756 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $18.23, for a total transaction of $50,241.88. Following the completion of the sale, the vice president now directly owns 31,375 shares of the company’s stock, valued at $571,966.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael S. Polacek acquired 1,634 shares of Knowles stock in a transaction on Thursday, July 26th. The shares were purchased at an average cost of $18.30 per share, with a total value of $29,902.20. Following the completion of the purchase, the insider now directly owns 65,878 shares of the company’s stock, valued at approximately $1,205,567.40. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd purchased a new stake in Knowles during the second quarter valued at about $4,308,000. Putnam Investments LLC lifted its stake in Knowles by 15.1% during the second quarter. Putnam Investments LLC now owns 342,978 shares of the communications equipment provider’s stock valued at $5,248,000 after buying an additional 45,100 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in Knowles by 15.3% during the second quarter. Hilltop Holdings Inc. now owns 30,635 shares of the communications equipment provider’s stock valued at $468,000 after buying an additional 4,065 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Knowles in the second quarter worth approximately $349,000. Finally, Raymond James & Associates lifted its position in shares of Knowles by 17.1% in the second quarter. Raymond James & Associates now owns 697,802 shares of the communications equipment provider’s stock worth $10,676,000 after purchasing an additional 102,152 shares in the last quarter.
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.
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