Knowles Corp (NYSE:KN) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.92.
A number of brokerages have recently commented on KN. Zacks Investment Research raised shares of Knowles from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Saturday, April 27th. Craig Hallum reissued a “buy” rating and issued a $22.00 price target (up previously from $18.00) on shares of Knowles in a report on Thursday, April 25th. JPMorgan Chase & Co. set a $15.00 price target on shares of Knowles and gave the stock a “sell” rating in a report on Tuesday, April 2nd. ValuEngine raised shares of Knowles from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Finally, TheStreet raised shares of Knowles from a “c” rating to a “b” rating in a report on Friday, February 8th.
In related news, CEO Jeffrey Niew sold 11,629 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $16.01, for a total transaction of $186,180.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO John S. Anderson sold 7,500 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $18.11, for a total transaction of $135,825.00. Following the transaction, the chief financial officer now directly owns 84,312 shares in the company, valued at approximately $1,526,890.32. The disclosure for this sale can be found here. Insiders bought a total of 2,578 shares of company stock worth $45,079 in the last three months. Insiders own 3.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Falcon Edge Capital LP purchased a new stake in Knowles during the 1st quarter valued at $71,319,000. WINTON GROUP Ltd purchased a new stake in shares of Knowles in the 4th quarter worth about $10,143,000. Norges Bank purchased a new stake in shares of Knowles in the 4th quarter worth about $9,771,000. Peregrine Capital Management LLC purchased a new stake in shares of Knowles in the 1st quarter worth about $10,748,000. Finally, 13D Management LLC purchased a new stake in shares of Knowles in the 1st quarter worth about $10,013,000.
Knowles stock opened at $17.52 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.71. The company has a market cap of $1.58 billion, a P/E ratio of 21.90, a PEG ratio of 1.93 and a beta of 1.12. Knowles has a 1-year low of $12.20 and a 1-year high of $19.43.
Knowles (NYSE:KN) last posted its earnings results on Wednesday, April 24th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). The firm had revenue of $179.80 million for the quarter, compared to the consensus estimate of $175.00 million. Knowles had a return on equity of 6.05% and a net margin of 7.88%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Research analysts expect that Knowles will post 0.9 EPS for the current year.
Knowles Company Profile
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.
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