Wall Street analysts expect Knowles Corp (NYSE:KN) to report $0.30 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Knowles’ earnings. The highest EPS estimate is $0.31 and the lowest is $0.29. Knowles posted earnings per share of $0.28 in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The business is expected to report its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Knowles will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.92 to $0.97. For the next financial year, analysts forecast that the business will report earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Knowles.

Knowles (NYSE:KN) last released its quarterly earnings data on Tuesday, July 24th. The communications equipment provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $188.40 million during the quarter, compared to the consensus estimate of $179.86 million. Knowles had a return on equity of 6.08% and a net margin of 13.12%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS.

A number of equities research analysts recently weighed in on KN shares. Lake Street Capital restated a “buy” rating and issued a $19.00 price target (up previously from $17.00) on shares of Knowles in a research note on Wednesday, July 25th. Craig Hallum increased their price target on Knowles from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. ValuEngine upgraded Knowles from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Zacks Investment Research upgraded Knowles from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $16.50 price target on shares of Knowles in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Knowles presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Shares of NYSE KN traded up $0.21 during trading hours on Tuesday, hitting $17.83. The company had a trading volume of 13,517 shares, compared to its average volume of 658,406. Knowles has a 1-year low of $10.94 and a 1-year high of $18.32. The company has a current ratio of 2.56, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.57 billion, a PE ratio of 25.17, a PEG ratio of 2.60 and a beta of 0.99.

In related news, VP Thomas G. Jackson sold 2,756 shares of the stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $18.23, for a total value of $50,241.88. Following the sale, the vice president now owns 31,375 shares in the company, valued at approximately $571,966.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael S. Polacek purchased 1,634 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was acquired at an average price of $18.30 per share, for a total transaction of $29,902.20. Following the purchase, the insider now owns 65,878 shares in the company, valued at approximately $1,205,567.40. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. bought a new position in Knowles during the 2nd quarter worth $304,000. Louisiana State Employees Retirement System increased its position in Knowles by 71.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 40,300 shares of the communications equipment provider’s stock worth $617,000 after buying an additional 16,800 shares during the period. Piedmont Investment Advisors LLC bought a new position in Knowles during the 2nd quarter worth $320,000. Perpetual Ltd bought a new position in Knowles during the 2nd quarter worth $336,000. Finally, Schwab Charles Investment Management Inc. increased its position in Knowles by 4.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 721,423 shares of the communications equipment provider’s stock worth $9,083,000 after buying an additional 28,234 shares during the period.

About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

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