Equities research analysts expect Knowles Corp (NYSE:KN) to report $225.43 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Knowles’ earnings, with the lowest sales estimate coming in at $224.97 million and the highest estimate coming in at $226.75 million. Knowles posted sales of $215.50 million in the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 6th.
On average, analysts expect that Knowles will report full year sales of $828.53 million for the current year, with estimates ranging from $828.07 million to $829.85 million. For the next year, analysts anticipate that the business will report sales of $875.93 million, with estimates ranging from $866.50 million to $882.23 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Knowles.
Knowles (NYSE:KN) last released its earnings results on Wednesday, October 24th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Knowles had a net margin of 8.99% and a return on equity of 6.40%. The firm had revenue of $236.20 million during the quarter, compared to analyst estimates of $219.73 million. During the same quarter in the previous year, the business earned $0.26 EPS. The business’s quarterly revenue was up 20.5% compared to the same quarter last year.
A number of analysts have commented on KN shares. Roth Capital lowered their target price on shares of Knowles from $22.00 to $17.00 and set a “buy” rating for the company in a report on Monday, October 22nd. ValuEngine raised shares of Knowles from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. JPMorgan Chase & Co. lowered shares of Knowles from a “neutral” rating to an “underweight” rating and set a $13.50 target price for the company. in a report on Friday, August 3rd. Craig Hallum lifted their target price on shares of Knowles from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $18.00 target price on shares of Knowles in a report on Wednesday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Knowles presently has an average rating of “Hold” and a consensus target price of $17.14.
Several hedge funds have recently made changes to their positions in KN. BlackRock Inc. grew its holdings in shares of Knowles by 29.0% in the 2nd quarter. BlackRock Inc. now owns 12,124,114 shares of the communications equipment provider’s stock valued at $185,500,000 after buying an additional 2,726,475 shares during the period. Granite Investment Partners LLC acquired a new position in shares of Knowles in the 3rd quarter valued at $20,751,000. Dimensional Fund Advisors LP grew its holdings in shares of Knowles by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,859,799 shares of the communications equipment provider’s stock valued at $104,955,000 after buying an additional 866,382 shares during the period. FMR LLC acquired a new position in shares of Knowles in the 2nd quarter valued at $9,930,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Knowles in the 3rd quarter valued at $6,648,000.
KN traded up $0.11 during trading on Wednesday, reaching $15.09. 957,931 shares of the company’s stock were exchanged, compared to its average volume of 1,424,386. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.55 and a current ratio of 2.60. Knowles has a fifty-two week low of $10.94 and a fifty-two week high of $18.32. The firm has a market capitalization of $1.31 billion, a PE ratio of 21.56, a P/E/G ratio of 2.08 and a beta of 0.91.
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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