Knowles Corp. (KN) Upgraded at TheStreet
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Knowles Corp. from a hold rating to a buy rating and set a $15.00 price objective on the stock in a report on Friday, July 29th. Roth Capital began coverage on Knowles Corp. in a report on Thursday, September 29th. They set a buy rating and a $16.00 price target on the stock. Robert W. Baird upgraded Knowles Corp. from a neutral rating to an outperform rating and lifted their price target for the stock from $17.00 to $20.00 in a report on Monday, November 14th. Susquehanna began coverage on Knowles Corp. in a report on Tuesday, September 20th. They set a negative rating and a $12.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Knowles Corp. in a report on Tuesday, September 6th. They set a neutral rating and a $15.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Knowles Corp. presently has a consensus rating of Hold and a consensus price target of $16.73.
Shares of Knowles Corp. (NYSE:KN) opened at 16.21 on Wednesday. Knowles Corp. has a 1-year low of $9.68 and a 1-year high of $17.10. The stock’s market capitalization is $1.44 billion. The company has a 50-day moving average of $14.48 and a 200-day moving average of $14.22.
Knowles Corp. (NYSE:KN) last announced its quarterly earnings data on Monday, October 24th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The company had revenue of $243.10 million for the quarter, compared to analyst estimates of $233.11 million. Knowles Corp. had a positive return on equity of 6.11% and a negative net margin of 26.75%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. On average, equities research analysts expect that Knowles Corp. will post $0.90 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Teachers Advisors Inc. increased its position 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 worth $2,043,000 after buying an additional 26,448 shares in the last quarter. Prudential Financial Inc. increased its position 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 worth $928,000 after buying an additional 13,400 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in 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 last quarter. State Street Corp boosted its stake in Knowles Corp. by 1.5% in the first quarter. State Street Corp now owns 2,820,445 shares of the company’s stock valued at $37,175,000 after buying an additional 42,585 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Knowles Corp. by 14.7% in the first quarter. Envestnet Asset Management Inc. now owns 242,809 shares of the company’s stock valued at $3,200,000 after buying an additional 31,182 shares during the last quarter.
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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