Knowles Corp (NYSE:KN) Expected to Post Earnings of $0.38 Per Share

Brokerages predict that Knowles Corp (NYSE:KN) will announce earnings per share of $0.38 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Knowles’ earnings. Knowles posted earnings of $0.34 per share in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The firm is expected to issue its next earnings report on Wednesday, October 23rd.

On average, analysts expect that Knowles will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.09 to $1.15. For the next year, analysts forecast that the company will post earnings of $1.27 per share, with EPS estimates ranging from $1.16 to $1.32. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Knowles.

Knowles (NYSE:KN) last posted its earnings results on Wednesday, July 24th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Knowles had a net margin of 7.88% and a return on equity of 6.27%. The firm had revenue of $205.20 million for the quarter, compared to analyst estimates of $195.06 million. During the same period in the previous year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year.

KN has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Knowles from $17.50 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, September 18th. Craig Hallum set a $23.00 target price on shares of Knowles and gave the stock a “buy” rating in a research note on Wednesday, September 18th. ValuEngine lowered shares of Knowles from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird set a $22.00 target price on shares of Knowles and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Susquehanna Bancshares upgraded shares of Knowles from a “neutral” rating to a “positive” rating and increased their target price for the stock from $20.00 to $22.00 in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.29.

Shares of Knowles stock traded up $0.01 during trading on Friday, reaching $19.75. 1,969,720 shares of the company traded hands, compared to its average volume of 913,475. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.85 and a quick ratio of 1.59. Knowles has a 1-year low of $12.20 and a 1-year high of $21.42. The company has a 50 day moving average price of $20.39 and a 200-day moving average price of $18.52. The firm has a market capitalization of $1.81 billion, a PE ratio of 24.69, a P/E/G ratio of 2.45 and a beta of 1.17.

In other Knowles news, Director Ye Jane Li sold 9,256 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $18.86, for a total transaction of $174,568.16. Following the completion of the sale, the director now directly owns 24,258 shares in the company, valued at approximately $457,505.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Niew sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. Following the sale, the chief executive officer now owns 313,839 shares of the company’s stock, valued at $6,276,780. The disclosure for this sale can be found here. Insiders have sold 72,086 shares of company stock valued at $1,440,538 in the last three months. Insiders own 3.70% of the company’s stock.

Several large investors have recently made changes to their positions in KN. Marshall Wace North America L.P. purchased a new stake in shares of Knowles during the 1st quarter worth approximately $25,000. Point72 Asset Management L.P. purchased a new stake in Knowles during the 2nd quarter valued at $59,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Knowles during the 2nd quarter valued at $91,000. Quantamental Technologies LLC purchased a new stake in Knowles during the 2nd quarter valued at $99,000. Finally, AdvisorNet Financial Inc grew its position in Knowles by 32.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,697 shares of the communications equipment provider’s stock valued at $123,000 after acquiring an additional 1,630 shares during the last quarter.

Knowles Company Profile

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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