Knowles (KN) Given Coverage Optimism Rating of 0.12

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Press coverage about Knowles (NYSE:KN) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Knowles earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 45.5971265137357 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of NYSE KN traded down $0.45 during midday trading on Friday, hitting $16.46. 1,597,194 shares of the company traded hands, compared to its average volume of 762,973. Knowles has a 12-month low of $10.94 and a 12-month high of $18.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.43. The stock has a market capitalization of $1.52 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.51 and a beta of 1.01.

Knowles (NYSE:KN) last announced its quarterly earnings results on Tuesday, July 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. Knowles had a net margin of 13.12% and a return on equity of 6.08%. The company had revenue of $188.40 million for the quarter, compared to analysts’ expectations of $179.86 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. Knowles’s quarterly revenue was up 14.6% on a year-over-year basis. research analysts anticipate that Knowles will post 0.67 earnings per share for the current year.

Several equities analysts have recently commented on the stock. ValuEngine raised shares of Knowles from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. downgraded shares of Knowles from a “neutral” rating to an “underweight” rating and set a $13.50 price objective for the company. in a research note on Friday, August 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $16.50 price objective on shares of Knowles in a research note on Wednesday, July 25th. Dougherty & Co downgraded shares of Knowles from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 25th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $19.00 price objective (up from $17.00) on shares of Knowles in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Knowles currently has a consensus rating of “Hold” and an average target price of $17.50.

In other Knowles news, insider Michael S. Polacek acquired 1,634 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were acquired at an average price of $18.30 per share, for a total transaction of $29,902.20. Following the completion of the acquisition, the insider now owns 65,878 shares in the company, valued at $1,205,567.40. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas G. Jackson sold 2,756 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $18.23, for a total transaction of $50,241.88. Following the completion of the sale, the vice president now owns 31,375 shares in the company, valued at approximately $571,966.25. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Knowles Company Profile

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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Insider Buying and Selling by Quarter for Knowles (NYSE:KN)

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