Shares of Knowles Corp. (NYSE:KN) have been assigned an average rating of “Hold” from the twelve analysts that are covering the firm. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.78.
Several research firms have recently commented on KN. Susquehanna began coverage on shares of Knowles Corp. in a research note on Tuesday, September 20th. They set a “negative” rating and a $12.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Knowles Corp. in a research note on Tuesday, September 6th. They set a “neutral” rating and a $15.00 price objective for the company. Roth Capital began coverage on shares of Knowles Corp. in a research note on Thursday, September 29th. They set a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research downgraded shares of Knowles Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Finally, Benchmark Co. began coverage on shares of Knowles Corp. in a research note on Wednesday, June 29th. They set a “hold” rating and a $15.00 price objective for the company.
In other Knowles Corp. news, VP Thomas G. Jackson sold 3,764 shares of Knowles Corp. stock in a transaction on Friday, July 29th. The shares were sold at an average price of $13.42, for a total value of $50,512.88. Following the completion of the transaction, the vice president now owns 32,059 shares of the company’s stock, valued at $430,231.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.49% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KN. Pinkerton Retirement Specialists LLC purchased a new position in Knowles Corp. during the second quarter worth $114,000. Public Employees Retirement System of Ohio boosted its position in Knowles Corp. by 11.6% in the second quarter. Public Employees Retirement System of Ohio now owns 9,555 shares of the company’s stock worth $131,000 after buying an additional 994 shares during the last quarter. Bluestein R H & Co. purchased a new position in Knowles Corp. during the second quarter worth $137,000. Fox Run Management L.L.C. purchased a new position in Knowles Corp. during the second quarter worth $138,000. Finally, Jag Capital Management LLC purchased a new position in Knowles Corp. during the second quarter worth $147,000.
Knowles Corp. (NYSE:KN) opened at 13.91 on Thursday. Knowles Corp. has a one year low of $9.68 and a one year high of $21.75. The company’s market cap is $1.23 billion. The company has a 50-day moving average of $14.07 and a 200 day moving average of $13.97.
Knowles Corp. (NYSE:KN) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Knowles Corp. had a negative net margin of 26.09% and a positive return on equity of 4.04%. The business earned $190.30 million during the quarter, compared to the consensus estimate of $189.88 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts anticipate that Knowles Corp. will post $0.84 earnings per share for the current year.
Knowles Corp. Company Profile
Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. It uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables.
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