Knowles Corporation (KN) Insider Michael S. Polacek Purchases 1,007 Shares of Stock
Knowles Corporation (NYSE:KN) insider Michael S. Polacek bought 1,007 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were bought at an average price of $14.78 per share, with a total value of $14,883.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Knowles Corporation (NYSE:KN) traded down $0.06 during mid-day trading on Friday, hitting $15.32. The company had a trading volume of 839,700 shares, compared to its average volume of 905,900. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. Knowles Corporation has a twelve month low of $14.11 and a twelve month high of $19.90. The company has a market cap of $1,390.00, a P/E ratio of -766.00, a P/E/G ratio of 2.08 and a beta of 0.76.
Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Knowles had a return on equity of 6.13% and a net margin of 0.25%. The business had revenue of $221.70 million during the quarter, compared to the consensus estimate of $220.62 million. During the same period in the prior year, the company earned $0.37 EPS. Knowles’s revenue for the quarter was down 8.8% on a year-over-year basis. analysts anticipate that Knowles Corporation will post 0.62 EPS for the current year.
A number of analysts have recently weighed in on KN shares. Zacks Investment Research upgraded Knowles from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Piper Jaffray Companies started coverage on Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 target price for the company. Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Knowles in a research report on Friday, October 27th. Finally, Lake Street Capital restated a “buy” rating and set a $20.00 price objective on shares of Knowles in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.42.
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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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