Analysts Expect Knowles (KN) to Announce $0.13 Earnings Per Share

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.



KN has been the subject of a number of analyst reports. Craig Hallum reiterated a “buy” rating and issued a $17.00 target price (down from $20.00) on shares of Knowles in a research note on Thursday, February 8th. Zacks Investment Research cut shares of Knowles from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. ValuEngine cut shares of Knowles from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Lake Street Capital reduced their target price on shares of Knowles from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Piper Jaffray initiated coverage on shares of Knowles in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 target price for the company. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $17.92.

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.

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About Knowles

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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