Knowles Corporation (KN) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Knowles Corporation (NYSE:KN) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.80.
Several research analysts have issued reports on the company. Dougherty & Co assumed coverage on Knowles Corporation in a research note on Thursday, June 8th. They set a “buy” rating and a $22.00 price objective for the company. BidaskClub lowered Knowles Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research lowered Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th.
Knowles Corporation (KN) opened at 14.59 on Tuesday. The stock has a 50 day moving average of $15.49 and a 200 day moving average of $17.55. The firm’s market cap is $1.30 billion. Knowles Corporation has a one year low of $13.32 and a one year high of $19.90.
Knowles Corporation (NYSE:KN) last released its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. The firm had revenue of $190.20 million during the quarter, compared to analyst estimates of $190.24 million. During the same period in the prior year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that Knowles Corporation will post $0.95 earnings per share for the current year.
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In other Knowles Corporation news, insider Michael S. Polacek bought 3,246 shares of the stock in a transaction dated Friday, August 4th. The stock was bought at an average cost of $15.40 per share, for a total transaction of $49,988.40. Following the completion of the purchase, the insider now owns 42,866 shares in the company, valued at approximately $660,136.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Knowles Corporation by 1.5% in the first quarter. State Street Corp now owns 2,760,302 shares of the communications equipment provider’s stock worth $52,307,000 after buying an additional 39,791 shares during the period. Bank of Montreal Can raised its stake in shares of Knowles Corporation by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 562 shares during the period. Royce & Associates LP raised its stake in shares of Knowles Corporation by 10.8% in the first quarter. Royce & Associates LP now owns 674,677 shares of the communications equipment provider’s stock worth $12,785,000 after buying an additional 66,000 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Knowles Corporation by 60.3% in the first quarter. Goldman Sachs Group Inc. now owns 356,191 shares of the communications equipment provider’s stock worth $6,750,000 after buying an additional 133,981 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Knowles Corporation during the first quarter worth $277,000.
About Knowles Corporation
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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