Knowles (KN) to Release Quarterly Earnings on Wednesday

Knowles (NYSE:KNGet Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, February 7th. Knowles has set its Q4 guidance at $0.27-0.31 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Knowles (NYSE:KNGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $175.10 million for the quarter. Knowles had a positive return on equity of 5.33% and a negative net margin of 26.54%.

Knowles Stock Performance

NYSE KN opened at $16.71 on Wednesday. The firm has a market capitalization of $1.51 billion, a P/E ratio of -8.31 and a beta of 1.54. Knowles has a 1-year low of $12.78 and a 1-year high of $20.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.62 and a quick ratio of 1.90. The business’s 50-day simple moving average is $16.98 and its 200-day simple moving average is $16.02.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KN shares. TheStreet raised Knowles from a “d+” rating to a “c-” rating in a research note on Tuesday, January 2nd. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Susquehanna cut their price objective on Knowles from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th.

Check Out Our Latest Stock Analysis on KN

Insider Transactions at Knowles

In related news, SVP Raymond D. Cabrera sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $15.42, for a total transaction of $77,100.00. Following the completion of the sale, the senior vice president now directly owns 84,202 shares of the company’s stock, valued at approximately $1,298,394.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. bought a new stake in shares of Knowles during the third quarter worth approximately $33,000. Belpointe Asset Management LLC increased its stake in shares of Knowles by 53.0% during the 1st quarter. Belpointe Asset Management LLC now owns 2,135 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 740 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Knowles by 160.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,384 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 1,469 shares during the period. Captrust Financial Advisors grew its position in Knowles by 65.5% in the first quarter. Captrust Financial Advisors now owns 3,003 shares of the communications equipment provider’s stock worth $65,000 after acquiring an additional 1,188 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Knowles during the third quarter valued at about $81,000. 96.35% of the stock is currently owned by institutional investors.

About Knowles

(Get Free Report)

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).

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Earnings History for Knowles (NYSE:KN)

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