Knowles (NYSE:KN) Updates Q2 Earnings Guidance

Knowles (NYSE:KN) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.22 to $0.26 for the period, compared to the consensus earnings per share estimate of $0.23. The company issued revenue guidance of $199 million to $209 million, compared to the consensus revenue estimate of $205.50 million. Knowles also updated its Q2 2024 guidance to 0.220-0.260 EPS.

Knowles Stock Performance

Shares of KN stock traded down $0.03 during mid-day trading on Wednesday, reaching $15.80. 573,463 shares of the company’s stock traded hands, compared to its average volume of 515,523. Knowles has a 12 month low of $12.78 and a 12 month high of $18.48. The firm has a 50 day moving average price of $15.95 and a two-hundred day moving average price of $16.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 2.61. The firm has a market capitalization of $1.42 billion, a PE ratio of 20.05 and a beta of 1.49.

Knowles (NYSE:KN) last issued its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Knowles had a net margin of 10.23% and a return on equity of 5.28%. The firm had revenue of $215.20 million during the quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KN. TheStreet raised shares of Knowles from a d+ rating to a c- rating in a report on Tuesday, January 2nd. StockNews.com raised shares of Knowles from a hold rating to a buy rating in a report on Friday, February 16th.

Insider Buying and Selling

In other Knowles news, SVP Raymond D. Cabrera sold 10,300 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $16.90, for a total value of $174,070.00. Following the sale, the senior vice president now owns 94,870 shares in the company, valued at approximately $1,603,303. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.57% of the stock is currently owned by insiders.

About Knowles

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).