Dougherty & Co Comments on Knowles Corporation’s FY2018 Earnings (KN)

Knowles Corporation (NYSE:KN) – Analysts at Dougherty & Co dropped their FY2018 EPS estimates for Knowles in a report issued on Monday. Dougherty & Co analyst C. Anderson now forecasts that the communications equipment provider will post earnings per share of $0.74 for the year, down from their prior estimate of $0.80.

Knowles (NYSE:KN) last released its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.07. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The business had revenue of $215.50 million for the quarter, compared to the consensus estimate of $221.96 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis.

A number of other research firms also recently weighed in on KN. Lake Street Capital restated a “buy” rating and set a $20.00 price target on shares of Knowles in a research report on Monday, November 20th. Zacks Investment Research upgraded Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, October 24th. Robert W. Baird restated 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 began coverage on Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price target on the stock. Finally, Craig Hallum restated a “buy” rating and set a $17.00 price target (down previously 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 assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.08.

Knowles (KN) traded down $0.08 during midday trading on Tuesday, reaching $13.65. The company’s stock had a trading volume of 427,308 shares, compared to its average volume of 954,653. Knowles has a twelve month low of $13.10 and a twelve 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 capitalization of $1,198.29, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Management Associates NY purchased a new position in shares of Knowles in the third quarter worth about $153,000. Crossmark Global Holdings Inc. bought a new stake in shares of Knowles in the fourth quarter worth about $170,000. Amalgamated Bank grew its stake in shares of Knowles by 0.9% in the second quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock worth $212,000 after purchasing an additional 117 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Knowles in the second quarter worth about $263,000. Finally, Wellington Shields Capital Management LLC bought a new stake in shares of Knowles in the third quarter worth about $284,000.

COPYRIGHT VIOLATION WARNING: This report was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3195415/dougherty-co-comments-on-knowles-corporations-fy2018-earnings-kn.html.

Knowles Company Profile

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).

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.