Brokerages expect Knowles (NYSE:KN) to announce earnings per share of $0.13 for the current fiscal quarter, according to Zacks. Three analysts have provided 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 per share of $0.12 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The business is scheduled to announce its next earnings report after the market closes on Thursday, April 26th.
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 year, analysts expect that the business will post earnings of $1.07 per share, with EPS estimates ranging from $1.00 to $1.15. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Knowles.
Knowles (NYSE:KN) last issued its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07. The business had revenue of $215.50 million for the quarter, compared to analyst estimates of $221.96 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share.
A number of brokerages have recently commented on KN. Craig Hallum reaffirmed a “buy” rating and set a $17.00 target price (down from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Lake Street Capital cut their price objective on shares of Knowles from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Piper Jaffray began coverage on shares of Knowles in a report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price objective on the stock. Zacks Investment Research raised shares of Knowles from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine lowered shares of Knowles from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.92.
Shares of NYSE:KN traded up $0.01 during trading on Wednesday, reaching $12.03. 1,794,605 shares of the company were exchanged, compared to its average volume of 1,000,846. The firm has a market cap of $1,106.12, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.87. Knowles has a 12-month low of $11.83 and a 12-month high of $19.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 2.60.
In other Knowles news, Director Didier Hirsch acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average cost of $14.45 per share, with a total value of $43,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 8,180 shares of company stock worth $114,370. 3.70% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC boosted its stake in Knowles by 21.6% in the fourth quarter. CWM LLC now owns 364,003 shares of the communications equipment provider’s stock valued at $5,336,000 after acquiring an additional 64,623 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Knowles by 5.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 673,099 shares of the communications equipment provider’s stock valued at $10,279,000 after acquiring an additional 32,850 shares in the last quarter. Leucadia National Corp boosted its stake in Knowles by 91.5% in the fourth quarter. Leucadia National Corp now owns 23,358 shares of the communications equipment provider’s stock valued at $342,000 after acquiring an additional 11,160 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Knowles by 14.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 222,252 shares of the communications equipment provider’s stock valued at $3,259,000 after acquiring an additional 27,347 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Knowles by 1.0% in the fourth quarter. BlackRock Inc. now owns 9,371,743 shares of the communications equipment provider’s stock valued at $137,389,000 after acquiring an additional 92,190 shares in the last quarter.
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Knowles Company Profile
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.
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