Zacks Investment Research downgraded shares of Knowles Corporation (NYSE:KN) from a hold rating to a sell rating in a research note issued to investors on Thursday.

According to Zacks, “Knowles Corporation operates as a supplier of advanced micro-acoustic, specialty components, and human interface solutions. The Company designs and manufactures acoustic products, including microphones, speakers, and receivers for the handset, tablet, and other consumer electronic markets. It also designs and manufactures electronic components used in medical and life science applications and solutions and components used in communications infrastructure and various other markets. Knowles Corporation is headquartered in Itasca, Illinois. “

Other analysts have also issued research reports about the company. Robert W. Baird reissued a buy rating and issued a $20.00 target price on shares of Knowles Corporation in a report on Friday, October 27th. BidaskClub lowered Knowles Corporation from a hold rating to a sell rating in a report on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $18.75.

Knowles Corporation (KN) traded up $0.32 during trading on Thursday, reaching $16.44. The company’s stock had a trading volume of 392,352 shares, compared to its average volume of 915,067. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.39 and a quick ratio of 1.43. The firm has a market capitalization of $1,442.23, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. Knowles Corporation has a 12 month low of $14.08 and a 12 month high of $19.90.

Knowles Corporation (NYSE:KN) last posted its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The company had revenue of $221.70 million for the quarter, compared to analyst estimates of $220.62 million. Knowles Corporation had a return on equity of 6.13% and a net margin of 0.25%. Knowles Corporation’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. equities research analysts anticipate that Knowles Corporation will post 0.64 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC acquired a new stake in shares of Knowles Corporation during the second quarter valued at $181,842,000. BlackRock Inc. boosted its stake in shares of Knowles Corporation by 16,850.3% during the first quarter. BlackRock Inc. now owns 9,107,540 shares of the communications equipment provider’s stock valued at $172,588,000 after acquiring an additional 9,053,809 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Knowles Corporation by 2.3% during the second quarter. Vanguard Group Inc. now owns 7,497,520 shares of the communications equipment provider’s stock valued at $126,858,000 after acquiring an additional 170,687 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Knowles Corporation by 27.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,618,463 shares of the communications equipment provider’s stock worth $61,225,000 after buying an additional 781,379 shares during the period. Finally, State Street Corp lifted its position in Knowles Corporation by 4.3% during the second quarter. State Street Corp now owns 2,879,505 shares of the communications equipment provider’s stock worth $48,729,000 after buying an additional 119,203 shares during the period.

About Knowles Corporation

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).

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