Brokerages forecast that Knowles Corp (NYSE:KN) will announce sales of $175.45 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Knowles’ earnings. The highest sales estimate is $176.77 million and the lowest is $175.00 million. Knowles posted sales of $178.50 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 25th.
On average, analysts expect that Knowles will report full year sales of $854.30 million for the current year, with estimates ranging from $849.24 million to $866.07 million. For the next year, analysts forecast that the company will post sales of $922.78 million, with estimates ranging from $892.79 million to $939.94 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Knowles.
Knowles (NYSE:KN) last released its earnings results on Thursday, February 7th. The communications equipment provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $223.80 million during the quarter, compared to the consensus estimate of $224.42 million. Knowles had a net margin of 8.19% and a return on equity of 6.08%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share.
A number of analysts have recently issued reports on KN shares. Robert W. Baird reaffirmed a “buy” rating and set a $18.00 target price on shares of Knowles in a research report on Wednesday, October 17th. Roth Capital dropped their price target on shares of Knowles from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. Zacks Investment Research raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, October 31st. JPMorgan Chase & Co. set a $13.00 price target on Knowles and gave the stock a “sell” rating in a research note on Friday, January 4th. Finally, Lake Street Capital reissued a “buy” rating and issued a $17.00 price objective on shares of Knowles in a report on Monday, January 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Knowles has an average rating of “Hold” and an average target price of $16.64.
KN opened at $15.66 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 2.57. Knowles has a 12-month low of $10.94 and a 12-month high of $18.32. The firm has a market cap of $1.42 billion, a PE ratio of 19.58, a PEG ratio of 2.00 and a beta of 1.08.
Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Knowles by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 923,917 shares of the communications equipment provider’s stock valued at $12,297,000 after purchasing an additional 52,855 shares during the last quarter. United Services Automobile Association increased its holdings in shares of Knowles by 42.4% during the fourth quarter. United Services Automobile Association now owns 24,520 shares of the communications equipment provider’s stock valued at $326,000 after acquiring an additional 7,297 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Knowles during the 4th quarter worth $269,000. Great West Life Assurance Co. Can lifted its stake in Knowles by 10.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 123,267 shares of the communications equipment provider’s stock valued at $1,513,000 after buying an additional 11,461 shares during the last quarter. Finally, Permanens Capital L.P. purchased a new position in Knowles during the fourth quarter worth about $1,122,000.
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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