Craig Hallum restated their buy rating on shares of Knowles (NYSE:KN) in a report published on Thursday morning, Briefing.com Automated Import reports. They currently have a $22.00 price target on the communications equipment provider’s stock, up from their prior price target of $18.00.
A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Knowles from a hold rating to a sell rating in a research report on Tuesday, January 15th. Lake Street Capital reissued a buy rating and set a $17.00 price target on shares of Knowles in a research report on Monday, January 14th. ValuEngine raised Knowles from a hold rating to a buy rating in a research report on Friday, March 15th. Robert W. Baird reissued a buy rating on shares of Knowles in a research report on Friday, January 11th. Finally, TheStreet raised Knowles from a c rating to a b rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Knowles presently has a consensus rating of Hold and a consensus price target of $17.93.
NYSE KN opened at $18.82 on Thursday. Knowles has a fifty-two week low of $12.15 and a fifty-two week high of $19.43. The firm has a market capitalization of $1.71 billion, a PE ratio of 23.53, a P/E/G ratio of 2.22 and a beta of 1.10. The company has a quick ratio of 1.59, a current ratio of 2.71 and a debt-to-equity ratio of 0.14.
Knowles (NYSE:KN) last released its quarterly earnings results on Wednesday, April 24th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). Knowles had a return on equity of 6.05% and a net margin of 7.88%. The company had revenue of $179.80 million during the quarter, compared to analyst estimates of $175.00 million. During the same period last year, the firm earned $0.11 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. As a group, research analysts predict that Knowles will post 0.86 earnings per share for the current fiscal year.
In other Knowles news, CEO Jeffrey Niew sold 11,629 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $16.01, for a total transaction of $186,180.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have acquired 2,739 shares of company stock valued at $45,128. 3.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. NumerixS Investment Technologies Inc purchased a new stake in shares of Knowles in the fourth quarter worth about $40,000. AdvisorNet Financial Inc boosted its position in shares of Knowles by 20.1% in the fourth quarter. AdvisorNet Financial Inc now owns 5,910 shares of the communications equipment provider’s stock worth $79,000 after buying an additional 989 shares during the period. Selz Capital LLC purchased a new stake in shares of Knowles in the first quarter worth about $176,000. Paloma Partners Management Co purchased a new stake in shares of Knowles in the fourth quarter worth about $133,000. Finally, First Bank & Trust boosted its position in shares of Knowles by 26.3% in the first quarter. First Bank & Trust now owns 10,748 shares of the communications equipment provider’s stock worth $189,000 after buying an additional 2,236 shares during the period.
Knowles Company Profile
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.
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