Wall Street brokerages expect that Knowles Corp (NYSE:KN) will report earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Knowles’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.20. Knowles reported earnings per share of $0.18 in the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The company is expected to announce its next earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that Knowles will report full-year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.20. For the next fiscal year, analysts expect that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.25 to $1.42. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Knowles.
Knowles (NYSE:KN) last announced its earnings results on Wednesday, April 24th. The communications equipment provider reported $0.06 earnings per share (EPS) 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 analyst estimates of $175.00 million. Knowles had a return on equity of 6.05% and a net margin of 7.88%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS.
A number of equities analysts have weighed in on the stock. Craig Hallum reaffirmed a “buy” rating and set a $22.00 price target (up previously from $18.00) on shares of Knowles in a research note 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 research note on Tuesday, April 2nd. 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 research note on Saturday, April 27th. TheStreet raised shares of Knowles from a “c” rating to a “b” rating in a research note on Friday, February 8th. Finally, ValuEngine raised shares of Knowles from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. 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. The company has a consensus rating of “Hold” and an average price target of $17.93.
NYSE:KN traded down $0.59 during trading hours on Tuesday, reaching $17.27. 747,060 shares of the company were exchanged, compared to its average volume of 837,158. The company has a quick ratio of 1.46, a current ratio of 2.71 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.57 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.91 and a beta of 1.12. Knowles has a 52-week low of $12.20 and a 52-week high of $19.43.
In other news, CEO Jeffrey Niew sold 11,629 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $16.01, for a total value of $186,180.29. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John S. Anderson sold 7,500 shares of the firm’s 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 completion of 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. In the last ninety days, insiders have acquired 2,578 shares of company stock worth $45,079. 3.70% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of KN. Bernzott Capital Advisors grew its holdings in Knowles by 1.1% during the 1st quarter. Bernzott Capital Advisors now owns 1,718,482 shares of the communications equipment provider’s stock valued at $30,297,000 after purchasing an additional 18,095 shares in the last quarter. Man Group plc grew its holdings in Knowles by 201.5% during the 1st quarter. Man Group plc now owns 101,293 shares of the communications equipment provider’s stock valued at $1,786,000 after purchasing an additional 67,692 shares in the last quarter. Falcon Edge Capital LP acquired a new stake in Knowles during the 1st quarter valued at $71,319,000. Premia Global Advisors LLC acquired a new stake in Knowles during the 1st quarter valued at $28,000. Finally, Geode Capital Management LLC grew its holdings in Knowles by 9.9% during the 1st quarter. Geode Capital Management LLC now owns 1,015,830 shares of the communications equipment provider’s stock worth $17,909,000 after acquiring an additional 91,913 shares in the last quarter.
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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