Knowles (KN) Releases Q1 Earnings Guidance

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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.

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About Knowles

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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