Knowles Corp (NYSE:KN) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $18.30.
KN has been the topic of several recent research reports. Lake Street Capital reaffirmed a “buy” rating and set a $20.00 price objective 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 price objective on the stock. Craig Hallum reaffirmed a “buy” rating and set a $17.00 price objective (down previously from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Finally, Zacks Investment Research lowered shares of Knowles from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th.
In other news, Director Didier Hirsch purchased 3,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were bought at an average price of $14.45 per share, with a total value of $43,350.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders bought 8,009 shares of company stock worth $114,693. Insiders own 2.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in Knowles by 222.6% during the fourth quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after acquiring an additional 5,618 shares during the period. Crossmark Global Holdings Inc. bought a new position in Knowles during the fourth quarter worth $170,000. We Are One Seven LLC bought a new position in Knowles during the fourth quarter worth $203,000. Xact Kapitalforvaltning AB bought a new position in Knowles during the fourth quarter worth $209,000. Finally, Investors Research Corp bought a new position in Knowles during the fourth quarter worth $216,000.
Knowles (NYSE:KN) opened at $13.93 on Friday. The firm has a market cap of $1,252.89, a P/E ratio of 18.82, a P/E/G ratio of 1.85 and a beta of 0.79. 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.
Knowles (NYSE:KN) last issued its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.07. The firm had revenue of $215.50 million for the quarter, compared to analyst estimates of $221.96 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. equities analysts expect that Knowles will post 0.75 EPS for the current year.
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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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