$0.34 EPS Expected for Knowles Corp (KN) This Quarter

Equities research analysts expect Knowles Corp (NYSE:KN) to announce $0.34 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Knowles’ earnings, with estimates ranging from $0.33 to $0.35. Knowles reported earnings of $0.40 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 15%. The company is expected to report its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that Knowles will report full year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $0.99. For the next year, analysts forecast that the company will post earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Knowles.

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

Several brokerages recently commented on KN. Craig Hallum restated a “buy” rating and set a $18.00 target price (down previously from $19.00) on shares of Knowles in a research report on Tuesday, January 15th. Zacks Investment Research downgraded Knowles from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Lake Street Capital reaffirmed a “buy” rating and set a $17.00 price target on shares of Knowles in a research note on Monday, January 14th. Robert W. Baird reaffirmed a “buy” rating on shares of Knowles in a research note on Friday, January 11th. Finally, JPMorgan Chase & Co. set a $13.00 price target on Knowles and gave the stock a “sell” rating in a research note on Friday, January 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.64.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in Knowles by 26.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,100 shares of the communications equipment provider’s stock valued at $228,000 after purchasing an additional 3,600 shares during the period. Krane Funds Advisors LLC grew its holdings in Knowles by 6.4% during the third quarter. Krane Funds Advisors LLC now owns 22,849 shares of the communications equipment provider’s stock valued at $380,000 after purchasing an additional 1,380 shares during the period. Vanguard Group Inc grew its holdings in Knowles by 1.8% during the third quarter. Vanguard Group Inc now owns 9,186,408 shares of the communications equipment provider’s stock valued at $152,678,000 after purchasing an additional 164,175 shares during the period. Vanguard Group Inc. grew its holdings in Knowles by 1.8% during the third quarter. Vanguard Group Inc. now owns 9,186,408 shares of the communications equipment provider’s stock valued at $152,678,000 after purchasing an additional 164,175 shares during the period. Finally, Legal & General Group Plc grew its holdings in Knowles by 7.4% during the third quarter. Legal & General Group Plc now owns 213,251 shares of the communications equipment provider’s stock valued at $3,526,000 after purchasing an additional 14,710 shares during the period.

Shares of Knowles stock traded up $0.22 on Friday, hitting $14.22. 1,553,265 shares of the company’s stock traded hands, compared to its average volume of 1,030,634. Knowles has a one year low of $10.94 and a one year high of $18.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.55. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.78 and a beta of 0.95.

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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