Knowles Corp (KN) Publishes Q2 Revenue Guidance

Elias Hubbard
April 20, 2018

KN is touching $12.03 during the last trading session, after increased 0.08%.Knowles Corporation has 1.79 million shares volume, 70.61% up from normal.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. Analysts are forecasting earnings of $0.12 on a per share basis this quarter. The company has market cap of $1.06 billion. The firm has "Buy" rating given on Thursday, February 8 by Craig Hallum. On Thursday, February 8 the stock of Knowles Corporation (NYSE:KN) has "Buy" rating given by Roth Capital. Knowles's quarterly revenue was up 1.2% compared to the same quarter last year. equities research analysts anticipate that Knowles will post 0.75 EPS for the current year.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.2 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

For the current quarter Knowles Corporation (NYSE:KN) has average revenue estimates of $178.93 Million, a total number of 10 analysts provided estimations over revenues. Its book value per share for the most recent quarter is $12.65 while its price to book ratio for the same period is 0.95, as for as the company's cash per share for the most recent quarter is $1.25, however its price to cash per share ratio for the same period is 9.6. Knowles Corporation (NYSE:KN)'s price sits -11.15% off from its SMA 50 of $13.28 and -19.95% away from the SMA 200 which is at $14.86. On Wednesday, December 20 the firm earned "Hold" rating by Piper Jaffray. In Thursday, February 8 report Susquehanna maintained it with "Hold" rating and $15.0 target. The Company designs and manufactures acoustic products, including microphones, speakers, and receivers for the handset, tablet, and other consumer electronic markets. Looking at the stock's movement on the chart, Knowles Corporation recorded a 52-week high of $19.90. The Lower end of the earnings estimate is $0.13, while the higher end of the earnings estimate is $0.18. Knowles Corp had a positive return on equity of 6.44% and a negative net margin of 4.92%. The stock of Knowles Corporation (NYSE:KN) has "Buy" rating given on Tuesday, December 5 by Robert W. Baird.

NYSE:KN opened at $12.03 on Thursday.

In related news, Director Didier Hirsch bought 2,000 shares of the company's stock in a transaction dated Monday, February 12th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. During the past three months the stock gain -27.31%, however six months performance of the stock remained at -22.09%. Legal & General Group Plc grew its position in Knowles by 5.3% during the 3rd quarter. KN generated revenue of $212.34 Million in the same quarter, one year ago. Also, the number of institutional investors holding First Business Financial Services Inc in top ten stock positions was flat from 1 to 1 for the same number. Two Sigma Advisers LP now owns 272,054 shares of the communications equipment provider's stock worth $3,988,000 after buying an additional 161,000 shares during the period.

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