Knowles (NYSE:KN) Releases Earnings Results, Beats Expectations By $0.06 EPS

Knowles (NYSE:KN) issued its quarterly earnings results on Thursday. The communications equipment provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06, Briefing.com reports. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%. The company had revenue of $142.50 million for the quarter, compared to analysts’ expectations of $140.97 million. During the same quarter last year, the business earned $0.25 earnings per share. Knowles’s revenue was up 31.8% on a year-over-year basis. Knowles updated its Q4 guidance to $0.26-0.30 EPS.

Knowles Price Performance

Knowles stock traded up $0.44 during midday trading on Friday, reaching $17.66. The company’s stock had a trading volume of 661,067 shares, compared to its average volume of 557,681. Knowles has a 52 week low of $12.78 and a 52 week high of $19.73. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $17.59 and a 200-day moving average price of $17.36. The stock has a market cap of $1.56 billion, a PE ratio of -8.14 and a beta of 1.42.

Insider Activity

In other news, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the sale, the director now directly owns 48,933 shares of the company’s stock, valued at approximately $846,051.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total value of $217,490.91. Following the transaction, the director now directly owns 48,933 shares of the company’s stock, valued at approximately $846,051.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Barnes sold 6,725 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $17.88, for a total value of $120,243.00. Following the sale, the director now owns 86,192 shares of the company’s stock, valued at approximately $1,541,112.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,748 shares of company stock valued at $530,948. 2.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KN shares. StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a research report on Saturday. Craig Hallum upgraded Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Susquehanna decreased their price target on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday.

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).