Somewhat Positive Media Coverage Somewhat Unlikely to Impact Knowles Corporation (NYSE:KN) Stock Price

Media coverage about Knowles Corporation (NYSE:KN) has trended somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Knowles Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 46.1687568724727 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

KN has been the topic of a number of recent analyst reports. Dougherty & Co initiated coverage on Knowles Corporation in a report on Thursday, June 8th. They set a “buy” rating and a $22.00 price target on the stock. BidaskClub lowered Knowles Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded Knowles Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.00.

Shares of Knowles Corporation (KN) opened at 14.94 on Thursday. The firm has a 50 day moving average price of $14.95 and a 200 day moving average price of $17.19. Knowles Corporation has a 52 week low of $13.32 and a 52 week high of $19.90. The company’s market capitalization is $1.34 billion.

Knowles Corporation (NYSE:KN) last posted its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $190.24 million. Knowles Corporation had a negative net margin of 2.44% and a positive return on equity of 6.98%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. Equities analysts forecast that Knowles Corporation will post $0.92 EPS for the current year.

In other Knowles Corporation news, insider Michael S. Polacek bought 3,246 shares of Knowles Corporation stock in a transaction on Friday, August 4th. The shares were bought at an average cost of $15.40 per share, for a total transaction of $49,988.40. Following the acquisition, the insider now directly owns 42,866 shares in the company, valued at $660,136.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Somewhat Positive Media Coverage Somewhat Unlikely to Impact Knowles Corporation (NYSE:KN) Stock Price” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/09/14/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-knowles-corporation-kn-stock-price.html.

About Knowles Corporation

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).

Insider Buying and Selling by Quarter for Knowles Corporation (NYSE:KN)

Receive News & Ratings for Knowles Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply