Knowles Corp (KN) Given Consensus Rating of “Hold” by Analysts

Knowles Corp (NYSE:KN) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.30.

KN has been the subject of several recent research reports. Craig Hallum reissued a “buy” rating and issued a $17.00 price target (down from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Zacks Investment Research lowered Knowles from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Lake Street Capital reduced their price target on Knowles from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Piper Jaffray Companies initiated coverage on Knowles in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 price target for the company. Finally, Robert W. Baird reissued a “buy” rating and issued a $20.00 price target on shares of Knowles in a research report on Friday, October 27th.

In related news, Director Didier Hirsch purchased 2,000 shares of Knowles stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $13.40 per share, with a total value of $26,800.00. Following the transaction, the director now owns 40,821 shares in the company, valued at approximately $547,001.40. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders bought 4,947 shares of company stock valued at $71,374. Corporate insiders own 2.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Assetmark Inc. increased its position in Knowles by 222.6% during the 4th quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock valued at $119,000 after buying an additional 5,618 shares in the last quarter. Capital Management Associates NY acquired a new position in Knowles during the 3rd quarter valued at about $153,000. Crossmark Global Holdings Inc. acquired a new position in Knowles during the 4th quarter valued at about $170,000. We Are One Seven LLC acquired a new position in Knowles during the 4th quarter valued at about $203,000. Finally, Investors Research Corp acquired a new position in Knowles during the 4th quarter valued at about $216,000.

Shares of Knowles (KN) opened at $14.30 on Tuesday. Knowles has a 1-year low of $13.10 and a 1-year high of $19.90. The firm has a market capitalization of $1,280.00, a price-to-earnings ratio of 238.33, a price-to-earnings-growth ratio of 1.89 and a beta of 0.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.78.

Knowles (NYSE:KN) last issued its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.07. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The business had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $221.96 million. During the same period in the prior year, the business earned $0.32 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. sell-side analysts predict that Knowles will post 0.75 earnings per share for the current fiscal year.

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About Knowles

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).

Analyst Recommendations for Knowles (NYSE:KN)

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