Brokerages expect that Knowles Corporation (NYSE:KN) will report earnings of $0.34 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Knowles’ earnings. Knowles posted earnings per share of $0.35 in the same quarter last year, which suggests a negative year-over-year growth rate of 2.9%. The company is scheduled to report its next earnings results on Monday, February 5th.

According to Zacks, analysts expect that Knowles will report full year earnings of $0.87 per share for the current year. For the next year, analysts expect that the firm will report earnings of $1.00 per share, with EPS estimates ranging from $0.95 to $1.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Knowles.

Knowles (NYSE:KN) last posted its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.09. Knowles had a net margin of 0.25% and a return on equity of 6.13%. The company had revenue of $221.70 million for the quarter, compared to the consensus estimate of $220.62 million. During the same period last year, the firm posted $0.37 EPS. The company’s revenue for the quarter was down 8.8% on a year-over-year basis.

A number of research firms have recently issued reports on KN. Lake Street Capital restated a “buy” rating and issued a $20.00 price target on shares of Knowles in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, October 24th. Robert W. Baird restated a “buy” rating and issued a $20.00 price target on shares of Knowles in a research report on Friday, October 27th. Finally, Piper Jaffray Companies began coverage on shares of Knowles in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.42.

Knowles (KN) traded up $0.29 during trading on Friday, hitting $15.38. 981,600 shares of the stock were exchanged, compared to its average volume of 939,000. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.43 and a current ratio of 2.39. Knowles has a one year low of $14.11 and a one year high of $19.90. The company has a market cap of $1,380.00, a P/E ratio of -769.00, a P/E/G ratio of 1.98 and a beta of 0.76.

A number of large investors have recently modified their holdings of KN. Janus Henderson Group PLC bought a new stake in Knowles in the 2nd quarter valued at about $181,842,000. Dimensional Fund Advisors LP lifted its position in Knowles by 27.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,618,463 shares of the communications equipment provider’s stock valued at $61,225,000 after purchasing an additional 781,379 shares during the last quarter. Northern Trust Corp lifted its position in Knowles by 53.6% in the 2nd quarter. Northern Trust Corp now owns 2,152,618 shares of the communications equipment provider’s stock valued at $36,423,000 after purchasing an additional 751,386 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Knowles by 125.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 803,070 shares of the communications equipment provider’s stock valued at $13,588,000 after purchasing an additional 446,879 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Knowles in the 3rd quarter valued at about $4,447,000.

WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/analysts-anticipate-knowles-corporation-kn-to-post-0-34-earnings-per-share/1793516.html.

Knowles Company Profile

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).

Get a free copy of the Zacks research report on Knowles (KN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with Analyst Ratings Network's FREE daily email newsletter.