Knowles (NYSE:KN) Issues Q3 2024 Earnings Guidance

Knowles (NYSE:KN) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.240-0.280 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

Separately, Susquehanna raised their price target on shares of Knowles from $15.00 to $20.00 and gave the company a neutral rating in a research note on Wednesday, July 17th.

Knowles Trading Down 0.6 %

KN stock traded down $0.11 during trading on Thursday, reaching $17.09. 302,481 shares of the stock were exchanged, compared to its average volume of 536,490. The business has a 50 day moving average price of $17.80 and a 200-day moving average price of $17.04. Knowles has a 1 year low of $12.78 and a 1 year 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 firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.23 and a beta of 1.42.

Knowles (NYSE:KN) last posted its 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). The business had revenue of $204.70 million during the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Insider Activity

In other news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was 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 directly owns 211,200 shares of the company’s stock, valued at $3,907,200. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.65% of the company’s stock.

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).