Knowles Corporation (NYSE:KN) insider Michael S. Polacek acquired 1,007 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were bought at an average cost of $14.78 per share, for a total transaction of $14,883.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Knowles Corporation (NYSE:KN) traded up $0.23 during midday trading on Friday, reaching $15.83. The company had a trading volume of 659,900 shares, compared to its average volume of 680,800. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. Knowles Corporation has a one year low of $14.11 and a one year high of $19.90. The stock has a market cap of $1,440.00, a PE ratio of -791.50, a PEG ratio of 2.12 and a beta of 0.76.
Knowles (NYSE:KN) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.09. Knowles had a return on equity of 6.13% and a net margin of 0.25%. The business had revenue of $221.70 million for the quarter, compared to the consensus estimate of $220.62 million. During the same quarter in the previous year, the company posted $0.37 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. sell-side analysts predict that Knowles Corporation will post 0.62 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. BB&T Corp increased its stake in Knowles by 5.0% in the 3rd quarter. BB&T Corp now owns 325,805 shares of the communications equipment provider’s stock worth $4,975,000 after acquiring an additional 15,433 shares during the last quarter. Cipher Capital LP increased its stake in Knowles by 23.0% in the 2nd quarter. Cipher Capital LP now owns 104,027 shares of the communications equipment provider’s stock worth $1,760,000 after acquiring an additional 19,485 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Knowles by 125.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 803,070 shares of the communications equipment provider’s stock worth $13,588,000 after acquiring an additional 446,879 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Knowles in the 3rd quarter worth approximately $4,447,000. Finally, Northern Trust Corp increased its stake in Knowles by 53.6% in the 2nd quarter. Northern Trust Corp now owns 2,152,618 shares of the communications equipment provider’s stock worth $36,423,000 after acquiring an additional 751,386 shares during the last quarter.
A number of research firms recently commented on KN. Zacks Investment Research raised Knowles from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Robert W. Baird reissued a “buy” rating and issued a $20.00 price target on shares of Knowles in a report on Friday, October 27th. Piper Jaffray Companies began coverage on Knowles in a report on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 price target on the stock. Finally, Lake Street Capital reissued a “buy” rating and issued a $20.00 price target on shares of Knowles in a report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Knowles has an average rating of “Hold” and an average price target of $18.42.
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Knowles Company Profile
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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