Knowles Corp. (KN) Receives Consensus Rating of “Hold” from Analysts
Shares of Knowles Corp. (NYSE:KN) have been given a consensus rating of “Hold” by the twelve research firms that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.78.
A number of brokerages have issued reports on KN. Roth Capital began coverage on Knowles Corp. in a research report on Thursday, September 29th. They set a “buy” rating and a $16.00 price objective on the stock. Zacks Investment Research downgraded Knowles Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Susquehanna began coverage on Knowles Corp. in a research report on Tuesday, September 20th. They set a “negative” rating and a $12.00 price objective on the stock. Benchmark Co. initiated coverage on Knowles Corp. in a research report on Wednesday, June 29th. They set a “hold” rating and a $15.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Knowles Corp. in a report on Tuesday, September 6th. They issued a “neutral” rating and a $15.00 price target on the stock.
Knowles Corp. (NYSE:KN) traded down 1.82% during midday trading on Thursday, hitting $14.06. The company had a trading volume of 175,330 shares. The company’s market capitalization is $1.25 billion. The stock has a 50 day moving average price of $14.07 and a 200 day moving average price of $13.96. Knowles Corp. has a 52 week low of $9.68 and a 52 week high of $21.75.
Knowles Corp. (NYSE:KN) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Knowles Corp. had a positive return on equity of 4.04% and a negative net margin of 26.09%. The business had revenue of $190.30 million for the quarter, compared to the consensus estimate of $189.88 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts forecast that Knowles Corp. will post $0.84 earnings per share for the current fiscal year.
In related news, VP Thomas G. Jackson sold 3,764 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $13.42, for a total value of $50,512.88. Following the transaction, the vice president now owns 32,059 shares of the company’s stock, valued at $430,231.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.49% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in shares of Knowles Corp. by 23.5% in the first quarter. Prudential Financial Inc. now owns 70,428 shares of the company’s stock valued at $928,000 after buying an additional 13,400 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Knowles Corp. by 20.6% in the first quarter. Teachers Advisors Inc. now owns 155,016 shares of the company’s stock valued at $2,043,000 after buying an additional 26,448 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Knowles Corp. by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,618,676 shares of the company’s stock valued at $34,514,000 after buying an additional 26,885 shares during the period. Southernsun Asset Management LLC boosted its stake in shares of Knowles Corp. by 3.7% in the first quarter. Southernsun Asset Management LLC now owns 7,090,905 shares of the company’s stock valued at $93,458,000 after buying an additional 250,887 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Knowles Corp. during the second quarter valued at about $138,000.
About Knowles Corp.
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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