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.
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.
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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).
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