Knowles (NYSE:KN) Updates Q4 Earnings Guidance

Knowles (NYSE:KN) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.26-0.30 for the period, compared to the consensus earnings per share estimate of $0.30. The company issued revenue guidance of $141-151 million, compared to the consensus revenue estimate of $145.30 million.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Susquehanna raised their price objective on Knowles from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Finally, Craig Hallum raised Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th.

Knowles Trading Up 0.9 %

Shares of NYSE:KN traded up $0.15 on Thursday, reaching $17.22. 901,625 shares of the company traded hands, compared to its average volume of 575,005. The business’s 50-day simple moving average is $17.59 and its 200 day simple moving average is $17.34. Knowles has a 52 week low of $12.78 and a 52 week high of $19.73. The stock has a market capitalization of $1.55 billion, a P/E ratio of 19.57 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The company had revenue of $204.70 million for the quarter.

Insider Buying and Selling

In related news, Director Keith Barnes sold 6,725 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $17.88, for a total value of $120,243.00. Following the sale, the director now directly owns 86,192 shares of the company’s stock, valued at $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Keith Barnes sold 6,725 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $17.88, for a total value of $120,243.00. Following the sale, the director now directly owns 86,192 shares of the company’s stock, valued at $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cheryl L. Shavers sold 12,579 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $17.29, for a total value of $217,490.91. Following the completion of the sale, the director now directly owns 48,933 shares in the company, valued at $846,051.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,748 shares of company stock valued at $530,948 over the last ninety days. 2.65% of the stock is owned by insiders.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).