Knowles Corp (NYSE:KN) – Equities research analysts at Dougherty & Co increased their FY2019 earnings per share estimates for shares of Knowles in a report released on Thursday, April 25th, Zacks Investment Research reports. Dougherty & Co analyst C. Anderson now anticipates that the communications equipment provider will earn $0.87 per share for the year, up from their prior estimate of $0.83.
Knowles (NYSE:KN) last posted its earnings results on Wednesday, April 24th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $179.80 million during the quarter, compared to the consensus estimate of $175.00 million. Knowles had a net margin of 7.88% and a return on equity of 6.05%. Knowles’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share.
KN has been the subject of several other research reports. Craig Hallum reissued a “buy” rating and issued a $18.00 price target (down previously from $19.00) on shares of Knowles in a research note on Tuesday, January 15th. Lake Street Capital cut Knowles from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research note on Friday, February 8th. Zacks Investment Research raised Knowles from a “sell” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Thursday, March 14th. Robert W. Baird reissued a “buy” rating on shares of Knowles in a research note on Friday, January 11th. Finally, ValuEngine raised Knowles from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.93.
Shares of KN stock opened at $19.10 on Friday. The stock has a market capitalization of $1.74 billion, a PE ratio of 23.88, a P/E/G ratio of 2.12 and a beta of 1.12. The company has a quick ratio of 1.46, a current ratio of 2.71 and a debt-to-equity ratio of 0.16. Knowles has a 1-year low of $12.20 and a 1-year high of $19.43.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc acquired a new stake in Knowles during the fourth quarter worth approximately $40,000. AdvisorNet Financial Inc grew its stake in Knowles by 20.1% during the fourth quarter. AdvisorNet Financial Inc now owns 5,910 shares of the communications equipment provider’s stock worth $79,000 after purchasing an additional 989 shares during the period. Selz Capital LLC acquired a new stake in Knowles during the first quarter worth approximately $176,000. Paloma Partners Management Co acquired a new stake in Knowles during the fourth quarter worth approximately $133,000. Finally, First Bank & Trust grew its stake in Knowles by 26.3% during the first quarter. First Bank & Trust now owns 10,748 shares of the communications equipment provider’s stock worth $189,000 after purchasing an additional 2,236 shares during the period.
In related news, CEO Jeffrey Niew sold 11,629 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $16.01, for a total transaction of $186,180.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 2,739 shares of company stock valued at $45,128 in the last ninety days. 3.70% of the stock is currently owned by insiders.
About Knowles
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.