Knowles Corporation (KN) Receives Average Recommendation of “Hold” from Brokerages

Knowles Corporation (NYSE:KN) has received an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.33.

A number of research analysts have commented on the company. BidaskClub lowered Knowles Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research raised Knowles Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th.

Knowles Corporation (NYSE KN) opened at 15.73 on Wednesday. Knowles Corporation has a 12 month low of $13.80 and a 12 month high of $19.90. The company’s market capitalization is $1.41 billion. The stock’s 50 day moving average price is $15.20 and its 200-day moving average price is $16.64.

Knowles Corporation (NYSE:KN) last released its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. The company had revenue of $190.20 million during the quarter, compared to analyst estimates of $190.24 million. During the same quarter in the previous year, the company posted $0.13 EPS. Knowles Corporation’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Knowles Corporation will post $0.92 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Knowles Corporation (KN) Receives Average Recommendation of “Hold” from Brokerages” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://ledgergazette.com/2017/10/18/knowles-corporation-kn-receives-average-recommendation-of-hold-from-brokerages.html.

In other Knowles Corporation news, insider Michael S. Polacek purchased 3,246 shares of the stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $15.40 per share, with a total value of $49,988.40. Following the transaction, the insider now directly owns 42,866 shares of the company’s stock, valued at approximately $660,136.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Several large investors have recently made changes to their positions in KN. UBS Asset Management Americas Inc. raised its position in shares of Knowles Corporation by 35.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 49,709 shares of the communications equipment provider’s stock worth $942,000 after acquiring an additional 13,082 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Knowles Corporation in the 1st quarter worth approximately $330,000. Prudential Financial Inc. raised its position in shares of Knowles Corporation by 7.3% in the 1st quarter. Prudential Financial Inc. now owns 57,838 shares of the communications equipment provider’s stock worth $1,096,000 after acquiring an additional 3,960 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Knowles Corporation by 180.2% in the 1st quarter. SG Americas Securities LLC now owns 23,473 shares of the communications equipment provider’s stock worth $445,000 after acquiring an additional 15,095 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of Knowles Corporation by 16.6% in the 1st quarter. OppenheimerFunds Inc. now owns 13,460 shares of the communications equipment provider’s stock worth $255,000 after acquiring an additional 1,919 shares in the last quarter.

About Knowles Corporation

Knowles Corporation is a global supplier of

A number of research analysts have commented on the company. BidaskClub lowered Knowles Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research raised Knowles Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th.

Knowles Corporation (NYSE KN) opened at 15.73 on Wednesday. Knowles Corporation has a 12 month low of $13.80 and a 12 month high of $19.90. The company’s market capitalization is $1.41 billion. The stock’s 50 day moving average price is $15.20 and its 200-day moving average price is $16.64.

Knowles Corporation (NYSE:KN) last released its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. The company had revenue of $190.20 million during the quarter, compared to analyst estimates of $190.24 million. During the same quarter in the previous year, the company posted $0.13 EPS. Knowles Corporation’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Knowles Corporation will post $0.92 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Knowles Corporation (KN) Receives Average Recommendation of “Hold” from Brokerages” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://ledgergazette.com/2017/10/18/knowles-corporation-kn-receives-average-recommendation-of-hold-from-brokerages.html.

In other Knowles Corporation news, insider Michael S. Polacek purchased 3,246 shares of the stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $15.40 per share, with a total value of $49,988.40. Following the transaction, the insider now directly owns 42,866 shares of the company’s stock, valued at approximately $660,136.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Several large investors have recently made changes to their positions in KN. UBS Asset Management Americas Inc. raised its position in shares of Knowles Corporation by 35.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 49,709 shares of the communications equipment provider’s stock worth $942,000 after acquiring an additional 13,082 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Knowles Corporation in the 1st quarter worth approximately $330,000. Prudential Financial Inc. raised its position in shares of Knowles Corporation by 7.3% in the 1st quarter. Prudential Financial Inc. now owns 57,838 shares of the communications equipment provider’s stock worth $1,096,000 after acquiring an additional 3,960 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Knowles Corporation by 180.2% in the 1st quarter. SG Americas Securities LLC now owns 23,473 shares of the communications equipment provider’s stock worth $445,000 after acquiring an additional 15,095 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of Knowles Corporation by 16.6% in the 1st quarter. OppenheimerFunds Inc. now owns 13,460 shares of the communications equipment provider’s stock worth $255,000 after acquiring an additional 1,919 shares in the last quarter.

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).

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