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

According to Zacks, analysts expect that Knowles will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $0.97. For the next financial year, analysts anticipate that the firm will report earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.23. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Knowles.

Knowles (NYSE:KN) last issued its quarterly earnings data on Tuesday, July 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. The company had revenue of $188.40 million during the quarter, compared to analysts’ expectations of $179.86 million. Knowles had a return on equity of 6.08% and a net margin of 13.12%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share.

A number of research analysts recently issued reports on the company. ValuEngine raised Knowles from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. cut Knowles from a “neutral” rating to an “underweight” rating and set a $13.50 price target for the company. in a report on Friday, August 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.50 price target on shares of Knowles in a report on Wednesday, July 25th. Dougherty & Co cut Knowles from a “buy” rating to a “neutral” rating in a report on Wednesday, July 25th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $19.00 price target (up from $17.00) on shares of Knowles in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Shares of NYSE KN opened at $16.06 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.43. Knowles has a 52-week low of $10.94 and a 52-week high of $18.32. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.45 and a beta of 1.01.

In other news, insider Michael S. Polacek acquired 1,634 shares of the stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average cost of $18.30 per share, for a total transaction of $29,902.20. Following the completion of the transaction, the insider now directly owns 65,878 shares in the company, valued at $1,205,567.40. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas G. Jackson sold 2,756 shares of Knowles stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $18.23, for a total value of $50,241.88. Following the completion of the sale, the vice president now owns 31,375 shares of the company’s stock, valued at $571,966.25. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Royce & Associates LP increased its position in Knowles by 9.4% in the second quarter. Royce & Associates LP now owns 1,277,850 shares of the communications equipment provider’s stock worth $19,551,000 after purchasing an additional 109,500 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Knowles during the 2nd quarter worth about $304,000. United Services Automobile Association grew its position in shares of Knowles by 1,394.2% during the 2nd quarter. United Services Automobile Association now owns 263,176 shares of the communications equipment provider’s stock worth $9,072,000 after buying an additional 245,563 shares during the period. Louisiana State Employees Retirement System grew its position in shares of 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. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Knowles during the 2nd quarter worth about $320,000.

Knowles Company Profile

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.

Further Reading: Compound Annual Growth Rate (CAGR)

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