Equities research analysts expect Knowles Corp (NYSE:KN) to report earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Knowles’ earnings, with estimates ranging from $0.29 to $0.31. Knowles reported earnings per share of $0.28 during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The company is expected to issue its next earnings report after the market closes on Wednesday, October 24th.

On average, 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 forecast that the firm will report earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.23. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Knowles.

Knowles (NYSE:KN) last posted its earnings results on Tuesday, July 24th. The communications equipment provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. The firm had revenue of $188.40 million for the quarter, compared to analyst estimates of $179.86 million. Knowles had a return on equity of 6.08% and a net margin of 13.12%. Knowles’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share.

Several equities analysts have issued reports on KN shares. ValuEngine raised Knowles from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Lake Street Capital reaffirmed a “buy” rating and set a $19.00 price objective (up previously from $17.00) on shares of Knowles in a report on Wednesday, July 25th. Craig Hallum raised their price objective on Knowles from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Roth Capital dropped their price objective on Knowles from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $18.00 price objective on shares of Knowles in a report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.14.

In other Knowles news, insider Michael S. Polacek bought 1,634 shares of the firm’s stock in a transaction dated Thursday, July 26th. The stock was acquired at an average price of $18.30 per share, for a total transaction of $29,902.20. Following the completion of the purchase, the insider now owns 65,878 shares of the company’s stock, valued at $1,205,567.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas G. Jackson sold 2,756 shares of the stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $18.23, for a total transaction of $50,241.88. Following the sale, the vice president now owns 31,375 shares of the company’s stock, valued at approximately $571,966.25. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 3,397 shares of company stock worth $59,817. Corporate insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KN. Northern Trust Corp boosted its stake in shares of Knowles by 0.6% during the first quarter. Northern Trust Corp now owns 2,106,090 shares of the communications equipment provider’s stock worth $26,517,000 after buying an additional 11,844 shares during the period. BlackRock Inc. boosted its stake in shares of Knowles by 0.3% during the first quarter. BlackRock Inc. now owns 9,397,639 shares of the communications equipment provider’s stock worth $118,317,000 after buying an additional 25,896 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Knowles during the first quarter worth about $256,000. Koch Industries Inc. acquired a new stake in shares of Knowles during the first quarter worth about $213,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Knowles by 2.8% during the first quarter. Principal Financial Group Inc. now owns 378,509 shares of the communications equipment provider’s stock worth $4,765,000 after buying an additional 10,366 shares during the period.

NYSE:KN traded up $0.10 during trading hours on Thursday, hitting $14.41. The company’s stock had a trading volume of 898,679 shares, compared to its average volume of 1,051,992. The firm has a market capitalization of $1.28 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. 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.

About Knowles

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.

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