Analysts Anticipate Knowles Corporation (KN) to Post $0.34 Earnings Per Share
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.
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).
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.