Knowles (NYSE:KN) Updates Q3 2024 Earnings Guidance

Knowles (NYSE:KN) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.240-0.280 for the period, compared to the consensus EPS estimate of 0.310. The company issued revenue guidance of $139.0 million-$143.0 million, compared to the consensus revenue estimate of $215.0 million. Knowles also updated its Q4 2024 guidance to EPS.

Wall Street Analysts Forecast Growth

Separately, Susquehanna increased their price objective on shares of Knowles from $15.00 to $20.00 and gave the company a neutral rating in a report on Wednesday, July 17th.

Knowles Stock Down 2.2 %

KN opened at $17.52 on Friday. The company has a market capitalization of $1.57 billion, a PE ratio of 19.91 and a beta of 1.42. The firm has a 50-day simple moving average of $17.77 and a two-hundred day simple moving average of $17.06. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. Knowles has a 52 week low of $12.78 and a 52 week high of $19.73.

Knowles (NYSE:KN) last announced its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 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 firm had revenue of $204.70 million for the quarter.

Insider Buying and Selling

In other Knowles news, CFO John S. Anderson sold 10,444 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total transaction of $193,214.00. Following the completion of the transaction, the chief financial officer now owns 211,200 shares in the company, valued at $3,907,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.65% of the stock is currently owned by company insiders.

About Knowles

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).