Knowles (NYSE:KN) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.
A number of other research analysts have also recently commented on KN. Zacks Investment Research raised Knowles from a “sell” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research note on Thursday. Lake Street Capital reissued 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 target price on Knowles and gave the company a “sell” rating in a research note on Friday, January 4th. TheStreet raised Knowles from a “c” rating to a “b” rating in a research note on Friday, February 8th. Finally, Robert W. Baird reissued a “buy” rating on shares of Knowles in a research note on Friday, January 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $16.93.
Shares of KN stock opened at $17.07 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. Knowles has a 52-week low of $10.94 and a 52-week high of $18.32. The firm has a market capitalization of $1.52 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09.
Knowles (NYSE:KN) last issued its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.08. Knowles had a return on equity of 6.08% and a net margin of 8.19%. The company had revenue of $223.80 million for the quarter, compared to the consensus estimate of $224.42 million. During the same quarter last year, the business posted $0.40 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Knowles will post 0.84 EPS for the current year.
In other news, CEO Jeffrey Niew sold 11,629 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $16.01, for a total transaction of $186,180.29. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders purchased 3,099 shares of company stock worth $45,129. 3.70% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Knowles by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 923,917 shares of the communications equipment provider’s stock worth $12,297,000 after purchasing an additional 52,855 shares during the last quarter. Norges Bank bought a new stake in shares of Knowles in the fourth quarter worth about $9,771,000. Millennium Management LLC grew its stake in shares of Knowles by 2,391.4% in the fourth quarter. Millennium Management LLC now owns 537,724 shares of the communications equipment provider’s stock worth $7,157,000 after purchasing an additional 516,141 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Knowles by 0.7% in the fourth quarter. Legal & General Group Plc now owns 214,659 shares of the communications equipment provider’s stock worth $2,864,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Knowles by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 64,442 shares of the communications equipment provider’s stock worth $858,000 after purchasing an additional 1,417 shares during 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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