Zacks: Analysts Expect Knowles Corp (KN) Will Post Earnings of $0.35 Per Share

Analysts expect Knowles Corp (NYSE:KN) to report earnings of $0.35 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Knowles’ earnings, with estimates ranging from $0.34 to $0.35. Knowles posted earnings per share of $0.40 in the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The business is scheduled to issue its next earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Knowles will report full year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.98 to $0.99. For the next year, analysts expect that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.09 to $1.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Knowles.

Knowles (NYSE:KN) last released its quarterly earnings data on Wednesday, October 24th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $236.20 million for the quarter, compared to analyst estimates of $219.73 million. Knowles had a return on equity of 6.40% and a net margin of 8.99%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share.

A number of brokerages have recently weighed in on KN. ValuEngine upgraded Knowles from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Zacks Investment Research upgraded Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, October 31st. Roth Capital lowered their target price on Knowles from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. Finally, Robert W. Baird reiterated a “buy” rating and set a $18.00 target price on shares of Knowles in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.14.

A number of institutional investors have recently bought and sold shares of KN. UBS Group AG increased its stake in Knowles by 112.3% during the 1st quarter. UBS Group AG now owns 14,620 shares of the communications equipment provider’s stock worth $184,000 after acquiring an additional 7,733 shares during the period. Principal Financial Group Inc. increased its stake in Knowles by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 378,509 shares of the communications equipment provider’s stock worth $4,765,000 after acquiring an additional 10,366 shares during the period. Piedmont Investment Advisors LLC bought a new position in Knowles during the 2nd quarter worth $320,000. Crossmark Global Holdings Inc. increased its stake in Knowles by 38.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,472 shares of the communications equipment provider’s stock worth $237,000 after acquiring an additional 4,290 shares during the period. Finally, Comerica Bank increased its stake in Knowles by 28.2% during the 2nd quarter. Comerica Bank now owns 95,825 shares of the communications equipment provider’s stock worth $1,529,000 after acquiring an additional 21,067 shares during the period.

Shares of NYSE KN traded down $0.90 during trading hours on Tuesday, reaching $14.52. 787,595 shares of the stock were exchanged, compared to its average volume of 1,070,425. The firm has a market cap of $1.37 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. The company has a current ratio of 2.60, a quick ratio of 1.55 and a debt-to-equity ratio of 0.17. Knowles has a 52 week low of $10.94 and a 52 week high of $18.32.

About Knowles

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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