Knowles Corp. (KN) Now Covered by Susquehanna
Stock analysts at Susquehanna started coverage on shares of Knowles Corp. (NYSE:KN) in a report issued on Tuesday. The firm set a “negative” rating and a $12.00 price target on the stock. Susquehanna’s target price suggests a potential downside of 14.35% from the company’s current price.
Several other brokerages have also recently weighed in on KN. Zacks Investment Research upgraded Knowles Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, July 29th. JPMorgan Chase & Co. started coverage on Knowles Corp. in a research report on Tuesday, September 6th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, Benchmark Co. started coverage on Knowles Corp. in a research report on Wednesday, June 29th. They set a “hold” rating and a $15.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.00.
Shares of Knowles Corp. (NYSE:KN) opened at 14.01 on Tuesday. The firm’s market capitalization is $1.24 billion. Knowles Corp. has a 52-week low of $9.68 and a 52-week high of $22.33. The company’s 50-day moving average is $13.94 and its 200 day moving average is $13.83.
Knowles Corp. (NYSE:KN) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Knowles Corp. had a positive return on equity of 4.04% and a negative net margin of 26.09%. The business had revenue of $190.30 million for the quarter, compared to analysts’ expectations of $189.88 million. During the same period in the previous year, the business posted $0.08 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts expect that Knowles Corp. will post $0.86 EPS for the current fiscal year.
In other Knowles Corp. news, VP Thomas G. Jackson sold 3,764 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $13.42, for a total value of $50,512.88. Following the completion of the sale, the vice president now owns 32,059 shares of the company’s stock, valued at $430,231.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.49% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Knowles Corp. during the second quarter valued at about $114,000. Public Employees Retirement System of Ohio raised its stake in shares of Knowles Corp. by 11.6% in the second quarter. Public Employees Retirement System of Ohio now owns 9,555 shares of the company’s stock valued at $131,000 after buying an additional 994 shares in the last quarter. Bluestein R H & Co. purchased a new stake in shares of Knowles Corp. during the second quarter valued at about $137,000. Fox Run Management L.L.C. purchased a new stake in shares of Knowles Corp. during the second quarter valued at about $138,000. Finally, Jag Capital Management LLC purchased a new stake in shares of Knowles Corp. during the second quarter valued at about $147,000.
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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