Knowles Corporation (NYSE:KN) insider Michael S. Polacek purchased 1,007 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were bought at an average price of $14.78 per share, with a total value of $14,883.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Knowles Corporation (NYSE:KN) traded down $0.06 during midday trading on Thursday, reaching $15.32. 839,792 shares of the company’s stock were exchanged, compared to its average volume of 905,900. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.39 and a quick ratio of 1.43. The firm has a market capitalization of $1,370.00, a PE ratio of -766.00, a PEG ratio of 2.04 and a beta of 0.76. Knowles Corporation has a 1 year low of $14.11 and a 1 year high of $19.90.
Knowles (NYSE:KN) last posted its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.09. The firm had revenue of $221.70 million during the quarter, compared to analysts’ expectations of $220.62 million. Knowles had a net margin of 0.25% and a return on equity of 6.13%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. analysts expect that Knowles Corporation will post 0.62 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Knowles by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 640,249 shares of the communications equipment provider’s stock worth $10,834,000 after buying an additional 8,305 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Knowles by 60.6% in the second quarter. SG Americas Securities LLC now owns 37,693 shares of the communications equipment provider’s stock worth $638,000 after buying an additional 14,220 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Knowles by 5.1% in the second quarter. Legal & General Group Plc now owns 69,162 shares of the communications equipment provider’s stock worth $1,172,000 after buying an additional 3,373 shares during the last quarter. Comerica Bank lifted its stake in shares of Knowles by 2.4% in the second quarter. Comerica Bank now owns 81,489 shares of the communications equipment provider’s stock worth $1,348,000 after buying an additional 1,924 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Knowles by 130.3% in the second quarter. BNP Paribas Arbitrage SA now owns 48,275 shares of the communications equipment provider’s stock worth $817,000 after buying an additional 27,315 shares during the last quarter.
Several analysts recently commented on KN shares. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, October 24th. Lake Street Capital restated a “buy” rating and set a $20.00 price target on shares of Knowles in a report on Monday, November 20th. Robert W. Baird restated a “buy” rating and set a $20.00 price target on shares of Knowles in a report on Friday, October 27th. Finally, Piper Jaffray Companies started coverage on shares of Knowles in a report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.42.
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Knowles Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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