Knowles (NYSE:KN) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Knowles (NYSE:KN) released its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07, reports. The company had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $221.96 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. Knowles’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Knowles updated its Q1 guidance to $0.10-0.14 EPS.

Knowles (NYSE KN) traded up $0.10 on Thursday, reaching $14.21. 424,215 shares of the company’s stock were exchanged, compared to its average volume of 998,024. Knowles has a 12 month low of $13.10 and a 12 month high of $19.90. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1,218.87, a price-to-earnings ratio of 19.32, a PEG ratio of 1.80 and a beta of 0.78.

In other Knowles news, Director Didier Hirsch purchased 2,000 shares of Knowles stock in a transaction on Monday, February 12th. The stock was bought 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 of the company’s stock, valued at approximately $547,001.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 4,947 shares of company stock valued at $71,374 over the last three months. 2.20% of the stock is currently owned by insiders.

A number of research firms recently commented on KN. Lake Street Capital reiterated a “buy” rating and issued a $20.00 target price on shares of Knowles in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, October 24th. Robert W. Baird reissued a “buy” rating and set a $20.00 price target on shares of Knowles in a research report on Friday, October 27th. Piper Jaffray Companies started coverage on shares of Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price target for the company. Finally, Craig Hallum reissued a “buy” rating and set a $17.00 price target (down from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.08.

TRADEMARK VIOLATION WARNING: “Knowles (NYSE:KN) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS” was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at

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).

Earnings History for Knowles (NYSE:KN)

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's FREE daily email newsletter.

Leave a Reply