Knowles (NYSE:KN) announced its quarterly earnings data on Wednesday. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05), Morningstar.com reports. Knowles had a return on equity of 6.08% and a net margin of 8.19%. The firm had revenue of $179.80 million during the quarter, compared to analysts’ expectations of $175.00 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Knowles updated its Q2 2019 guidance to $0.17-0.21 EPS and its Q2 guidance to $0.17-0.21 EPS.

Shares of Knowles stock traded down $0.25 on Thursday, reaching $18.22. The company’s stock had a trading volume of 1,399,502 shares, compared to its average volume of 966,366. The stock has a market capitalization of $1.68 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. Knowles has a 52-week low of $11.13 and a 52-week high of $19.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.57 and a quick ratio of 1.59.

In other news, CEO Jeffrey Niew sold 11,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $16.01, for a total value of $186,180.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 2,739 shares of company stock valued at $45,128 over the last 90 days. Company insiders own 3.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. Piedmont Investment Advisors Inc. boosted its stake in shares of Knowles by 3.4% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 21,416 shares of the communications equipment provider’s stock worth $285,000 after acquiring an additional 703 shares during the last quarter. Investors Research Corp boosted its stake in shares of Knowles by 5.3% in the fourth quarter. Investors Research Corp now owns 15,900 shares of the communications equipment provider’s stock worth $212,000 after acquiring an additional 800 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Knowles by 20.1% in the fourth quarter. AdvisorNet Financial Inc now owns 5,910 shares of the communications equipment provider’s stock worth $79,000 after acquiring an additional 989 shares during the last quarter. Krane Funds Advisors LLC boosted its stake in shares of Knowles by 6.4% in the third quarter. Krane Funds Advisors LLC now owns 22,849 shares of the communications equipment provider’s stock worth $380,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Knowles by 0.7% in the fourth quarter. Legal & General Group Plc now owns 214,659 shares of the communications equipment provider’s stock worth $2,864,000 after acquiring an additional 1,408 shares during the last quarter.

KN has been the subject of several research analyst reports. Craig Hallum restated a “buy” rating and issued a $18.00 price objective (down from $19.00) on shares of Knowles in a research note on Tuesday, January 15th. Lake Street Capital cut Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Friday, February 8th. Zacks Investment Research upgraded Knowles from a “sell” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research note on Thursday, March 14th. Robert W. Baird restated a “buy” rating on shares of Knowles in a research note on Friday, January 11th. Finally, ValuEngine upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.79.

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Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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Earnings History for Knowles (NYSE:KN)

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