Analysts expect Knowles Corp (NYSE:KN) to announce $180.00 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Knowles’ earnings, with the highest sales estimate coming in at $180.01 million and the lowest estimate coming in at $180.00 million. Knowles posted sales of $193.70 million during the same quarter last year, which would indicate a negative year over year growth rate of 7.1%. The business is expected to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Knowles will report full year sales of $180.00 million for the current fiscal year, with estimates ranging from $790.70 million to $822.40 million. For the next year, analysts forecast that the company will post sales of $847.15 million per share, with estimates ranging from $824.30 million to $870.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Knowles.
Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.07. The business had revenue of $215.50 million for the quarter, compared to the consensus estimate of $221.96 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis.
KN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, October 24th. Lake Street Capital restated a “buy” rating and set a $20.00 target price on shares of Knowles in a research report on Monday, November 20th. Piper Jaffray Companies initiated coverage on shares of Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 target price on the stock. Robert W. Baird restated a “buy” rating and set a $20.00 target price on shares of Knowles in a research report on Friday, October 27th. Finally, Craig Hallum restated 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.08.
Knowles (KN) opened at $14.31 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. Knowles has a 52-week low of $13.10 and a 52-week high of $19.90. The stock has a market cap of $1,279.73, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.89 and a beta of 0.78.
In other Knowles news, Director Didier Hirsch bought 3,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $14.45 per share, for a total transaction of $43,350.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have acquired 7,947 shares of company stock worth $114,724. Corporate insiders own 2.20% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position in shares of Knowles by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,108 shares of the communications equipment provider’s stock valued at $3,318,000 after acquiring an additional 1,892 shares during the period. Legal & General Group Plc raised its position in shares of Knowles by 5.3% in the 3rd quarter. Legal & General Group Plc now owns 72,813 shares of the communications equipment provider’s stock valued at $1,112,000 after acquiring an additional 3,651 shares during the period. Voya Investment Management LLC raised its position in shares of Knowles by 11.4% in the 2nd quarter. Voya Investment Management LLC now owns 39,343 shares of the communications equipment provider’s stock valued at $666,000 after acquiring an additional 4,011 shares during the period. Ameriprise Financial Inc. raised its position in shares of Knowles by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 252,445 shares of the communications equipment provider’s stock valued at $3,855,000 after acquiring an additional 4,020 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Knowles by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 760,980 shares of the communications equipment provider’s stock valued at $11,155,000 after acquiring an additional 4,102 shares during the period.
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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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