Equities research analysts expect that Knowles Corp (NYSE:KN) will announce $175.45 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Knowles’ earnings, with the lowest sales estimate coming in at $175.00 million and the highest estimate coming in at $176.77 million. Knowles reported sales of $178.50 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.7%. The firm is expected to announce its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Knowles will report full-year sales of $854.30 million for the current financial year, with estimates ranging from $849.24 million to $866.07 million. For the next fiscal year, analysts anticipate that the firm will report sales of $922.78 million, with estimates ranging from $892.79 million to $939.94 million. Zacks’ sales averages are an average based on a survey of research firms that cover Knowles.
Knowles (NYSE:KN) last released its earnings results on Thursday, February 7th. The communications equipment provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.08. Knowles had a net margin of 8.19% and a return on equity of 6.08%. The business had revenue of $223.80 million during the quarter, compared to analysts’ expectations of $224.42 million. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Knowles from a “sell” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Thursday. Lake Street Capital reiterated a “buy” rating and issued a $17.00 target price on shares of Knowles in a research note on Monday, January 14th. JPMorgan Chase & Co. set a $13.00 price target on shares of Knowles and gave the stock a “sell” rating in a research report on Friday, January 4th. TheStreet raised shares of Knowles from a “c” rating to a “b” rating in a research report on Friday, February 8th. Finally, Robert W. Baird reissued a “buy” rating on shares of Knowles in a research report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Knowles currently has a consensus rating of “Hold” and a consensus price target of $16.93.
Shares of NYSE KN traded up $0.17 during mid-day trading on Friday, hitting $17.07. The company had a trading volume of 752,100 shares, compared to its average volume of 1,035,614. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 2.57. Knowles has a 12 month low of $10.94 and a 12 month high of $18.32. The stock has a market cap of $1.52 billion, a PE ratio of 21.34, a PEG ratio of 2.00 and a beta of 1.09.
In related news, CEO Jeffrey Niew sold 11,629 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $16.01, for a total value of $186,180.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 3,099 shares of company stock valued at $45,129 in the last three months. Company insiders own 3.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Granite Investment Partners LLC acquired a new stake in shares of Knowles during the third quarter worth approximately $20,751,000. WINTON GROUP Ltd acquired a new stake in shares of Knowles during the fourth quarter worth approximately $10,143,000. Norges Bank acquired a new stake in shares of Knowles during the fourth quarter worth approximately $9,771,000. Dimensional Fund Advisors LP increased its holdings in shares of Knowles by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 7,585,417 shares of the communications equipment provider’s stock worth $126,068,000 after buying an additional 725,618 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Knowles by 4.5% during the third quarter. BlackRock Inc. now owns 12,667,048 shares of the communications equipment provider’s stock worth $210,527,000 after buying an additional 542,934 shares in the last quarter.
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.
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