Knowles (NYSE:KN) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.09-0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.16. The company issued revenue guidance of $165-185 million, compared to the consensus revenue estimate of $190.44 million.
NYSE KN traded up $0.35 on Friday, reaching $16.03. 1,832,356 shares of the company were exchanged, compared to its average volume of 1,085,578. The firm has a market capitalization of $1.41 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.96 and a beta of 1.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.55 and a current ratio of 2.60. Knowles has a fifty-two week low of $10.94 and a fifty-two week high of $18.32.
Knowles (NYSE:KN) last announced its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.08. Knowles had a return on equity of 6.19% and a net margin of 8.19%. The business had revenue of $223.80 million for the quarter, compared to analyst estimates of $224.42 million. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Knowles will post 0.8 EPS for the current year.
Several brokerages have recently commented on KN. Zacks Investment Research raised Knowles from a hold rating to a buy rating and set a $17.00 price target on the stock in a research note on Wednesday, October 31st. Lake Street Capital lowered Knowles from a buy rating to a hold rating and set a $17.00 price target on the stock. in a research note on Friday. Robert W. Baird reaffirmed a buy rating and issued a $18.00 price target on shares of Knowles in a research note on Wednesday, October 17th. ValuEngine raised Knowles from a sell rating to a hold rating in a research note on Tuesday, October 16th. Finally, Roth Capital decreased their price target on Knowles from $22.00 to $17.00 and set a buy rating on the stock in a research note on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $16.64.
TRADEMARK VIOLATION WARNING: “Knowles (KN) Releases Q1 Earnings Guidance” was published by Macon Daily and is the sole property of of Macon Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://macondaily.com/2019/02/09/knowles-kn-releases-q1-earnings-guidance.html.
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.
Recommended Story: What are retained earnings?
Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.