Knowles (NYSE:KN) Issues Q4 2020 IntraDay Earnings Guidance


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Knowles (NYSE:KN) issued an update on its fourth quarter 2020
IntraDay earnings guidance on Monday morning. The company provided EPS guidance of 0.36-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.30. The company issued revenue guidance of $243-243 million, compared to the consensus revenue estimate of $217.79 million.Knowles also updated its Q4 guidance to $0.36-0.40 EPS.

Shares of KN opened at $18.97 on Thursday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -474.13, a price-to-earnings-growth ratio of 4.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.99 and a current ratio of 3.15. Knowles has a one year low of $11.10 and a one year high of $21.25. The stock’s fifty day moving average is $18.01 and its 200-day moving average is $16.08.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, October 29th. The communications equipment provider reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $205.80 million for the quarter, compared to analyst estimates of $202.27 million. Knowles had a positive return on equity of 3.41% and a negative net margin of 0.33%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Analysts forecast that Knowles will post 0.38 EPS for the current fiscal year.

Several brokerages recently weighed in on KN. Craig Hallum raised their target price on Knowles from $20.00 to $23.00 and gave the company a buy rating in a research note on Tuesday. Lake Street Capital raised their target price on Knowles from $17.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, October 14th. Zacks Investment Research raised Knowles from a hold rating to a strong-buy rating and set a $22.00 target price for the company in a research note on Wednesday. BidaskClub raised Knowles from a hold rating to a buy rating in a research note on Thursday, January 7th. Finally, Roth Capital raised their target price on Knowles from $20.00 to $23.00 and gave the company a buy rating in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $21.67.

In related news, Director Donald Macleod purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average price of $14.80 per share, for a total transaction of $148,000.00. Following the transaction, the director now directly owns 110,549 shares of the company’s stock, valued at approximately $1,636,125.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Niew purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average price of $15.00 per share, with a total value of $45,000.00. Following the transaction, the chief executive officer now directly owns 323,914 shares in the company, valued at $4,858,710. The disclosure for this purchase can be found here. Company insiders own 4.48% of the company’s stock.

About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medtech, defense, automotive, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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