Equities analysts expect Knowles (NYSE:KN) to post $0.13 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Knowles’ earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.12. Knowles reported earnings of $0.12 per share during the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, April 25th.
On average, analysts expect that Knowles will report full-year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.86 to $0.95. For the next fiscal year, analysts forecast that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $1.00 to $1.15. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Knowles.
Knowles (NYSE:KN) last posted its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.07. The firm had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $221.96 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share.
NYSE KN opened at $12.68 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1,125.81, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.67 and a beta of 0.87. Knowles has a 12-month low of $11.83 and a 12-month high of $19.90.
In other news, Director Didier Hirsch acquired 2,000 shares of Knowles stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $13.40 per share, for a total transaction of $26,800.00. Following the completion of the purchase, the director now owns 40,821 shares of the company’s stock, valued at $547,001.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought 8,180 shares of company stock valued at $114,370 over the last 90 days. 3.70% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of KN. Legal & General Group Plc raised its stake in Knowles by 5.3% during 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 purchasing an additional 3,651 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Knowles by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 252,445 shares of the communications equipment provider’s stock valued at $3,855,000 after purchasing an additional 4,020 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 buying an additional 4,102 shares during the period. Swiss National Bank increased its holdings in Knowles by 3.8% in the 4th quarter. Swiss National Bank now owns 152,300 shares of the communications equipment provider’s stock valued at $2,233,000 after buying an additional 5,600 shares during the period. Finally, Assetmark Inc. increased its holdings in Knowles by 222.6% in the 4th quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock valued at $119,000 after buying an additional 5,618 shares during the period.
COPYRIGHT VIOLATION WARNING: “Analysts Expect Knowles (KN) to Announce $0.13 Earnings Per Share” was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://dakotafinancialnews.com/2018/04/14/analysts-expect-knowles-kn-to-announce-0-13-earnings-per-share.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.