Wall Street analysts forecast that Knowles Corp (NYSE:KN) will announce $175.45 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Knowles’ earnings. The highest sales estimate is $176.77 million and the lowest is $175.00 million. Knowles posted sales of $178.50 million during the same quarter last year, which suggests a negative year-over-year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 25th.

On average, analysts expect that Knowles will report full-year sales of $854.30 million for the current fiscal year, with estimates ranging from $849.24 million to $866.07 million. For the next financial year, analysts anticipate that the company will report sales of $922.78 million, with estimates ranging from $892.79 million to $939.94 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Knowles.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. Knowles had a return on equity of 6.08% and a net margin of 8.19%. The company had revenue of $223.80 million during the quarter, compared to analysts’ expectations of $224.42 million. During the same period last year, the firm posted $0.40 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis.

A number of analysts have recently issued reports on KN shares. Craig Hallum reaffirmed a “buy” rating and issued a $18.00 price objective (down from $19.00) on shares of Knowles in a research report on Tuesday, January 15th. Lake Street Capital reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Knowles in a research report on Monday, January 14th. JPMorgan Chase & Co. set a $13.00 price objective on Knowles and gave the company a “sell” rating in a research report on Friday, January 4th. Robert W. Baird reaffirmed a “buy” rating on shares of Knowles in a research report on Friday, January 11th. Finally, Zacks Investment Research cut Knowles from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Knowles presently has a consensus rating of “Hold” and a consensus price target of $16.64.

Shares of KN traded up $0.01 during mid-day trading on Thursday, reaching $16.27. The company’s stock had a trading volume of 634,209 shares, compared to its average volume of 1,115,283. Knowles has a 1-year low of $10.94 and a 1-year high of $18.32. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.92 and a beta of 1.08. The company has a quick ratio of 1.59, a current ratio of 2.57 and a debt-to-equity ratio of 0.13.

In other Knowles news, CEO Jeffrey Niew sold 11,629 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $16.01, for a total transaction of $186,180.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have purchased 3,144 shares of company stock valued at $44,968. 3.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Knowles by 1.3% in the 4th quarter. BlackRock Inc. now owns 12,831,784 shares of the communications equipment provider’s stock valued at $170,793,000 after purchasing an additional 164,736 shares during the last quarter. Vanguard Group Inc. grew its position in Knowles by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,186,408 shares of the communications equipment provider’s stock worth $152,678,000 after acquiring an additional 164,175 shares during the last quarter. Vanguard Group Inc grew its position in Knowles by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 9,186,408 shares of the communications equipment provider’s stock worth $152,678,000 after acquiring an additional 164,175 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Knowles by 10.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,585,417 shares of the communications equipment provider’s stock worth $126,068,000 after acquiring an additional 725,618 shares during the last quarter. Finally, Northern Trust Corp grew its position in Knowles by 1.1% during the 4th quarter. Northern Trust Corp now owns 2,005,519 shares of the communications equipment provider’s stock worth $26,694,000 after acquiring an additional 21,016 shares during the last quarter.

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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