Dougherty & Co Weighs in on Knowles Corporation’s FY2017 Earnings (NYSE:KN)

Knowles Corporation (NYSE:KN) – Dougherty & Co lowered their FY2017 earnings per share (EPS) estimates for Knowles Corporation in a research note issued on Monday, according to Zacks Investment Research. Dougherty & Co analyst C. Anderson now anticipates that the communications equipment provider will earn $0.69 per share for the year, down from their prior forecast of $0.73.

Knowles Corporation (NYSE:KN) last issued its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.09. The firm had revenue of $221.70 million for the quarter, compared to analyst estimates of $220.62 million. Knowles Corporation had a net margin of 0.25% and a return on equity of 6.13%. Knowles Corporation’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS.

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Other research analysts have also issued reports about the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price target on shares of Knowles Corporation in a research note on Friday, October 27th. Zacks Investment Research raised shares of Knowles Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, October 24th. Finally, BidaskClub raised shares of Knowles Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Knowles Corporation has a consensus rating of “Hold” and an average price target of $18.75.

Shares of Knowles Corporation (NYSE:KN) traded up $0.30 during trading on Wednesday, reaching $16.46. 541,700 shares of the company were exchanged, compared to its average volume of 795,357. The stock has a market cap of $1,445.81, a price-to-earnings ratio of 23.76, a PEG ratio of 2.51 and a beta of 0.80. Knowles Corporation has a 1 year low of $14.11 and a 1 year high of $19.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.39 and a quick ratio of 1.43.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its stake in Knowles Corporation by 5.3% in the 3rd quarter. Legal & General Group Plc now owns 72,813 shares of the communications equipment provider’s stock worth $1,112,000 after purchasing an additional 3,651 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its stake in Knowles Corporation by 2.9% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 456,800 shares of the communications equipment provider’s stock worth $7,116,000 after purchasing an additional 12,845 shares in the last quarter. American International Group Inc. lifted its stake in Knowles Corporation by 2.9% in the 3rd quarter. American International Group Inc. now owns 242,044 shares of the communications equipment provider’s stock worth $3,696,000 after purchasing an additional 6,830 shares in the last quarter. Rothschild Asset Management Inc. lifted its stake in Knowles Corporation by 5.1% in the 3rd quarter. Rothschild Asset Management Inc. now owns 1,840,970 shares of the communications equipment provider’s stock worth $28,112,000 after purchasing an additional 89,227 shares in the last quarter. Finally, Cipher Capital LP lifted its stake in Knowles Corporation by 16.1% in the 3rd quarter. Cipher Capital LP now owns 120,802 shares of the communications equipment provider’s stock worth $1,844,000 after purchasing an additional 16,775 shares in the last quarter.

About Knowles Corporation

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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