Wall Street analysts predict that Knowles Corp (NYSE:KN) will announce $180.00 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Knowles’ earnings, with the lowest sales estimate coming in at $180.00 million and the highest estimate coming in at $180.01 million. Knowles reported sales of $193.70 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The company is expected to announce its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Knowles will report full-year sales of $180.00 million for the current financial year, with estimates ranging from $790.70 million to $822.40 million. For the next financial year, analysts anticipate that the firm will post sales of $847.15 million per share, with estimates ranging from $824.30 million to $870.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Knowles.
Knowles (NYSE:KN) last posted its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The firm had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $221.96 million. During the same period in the prior year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis.
Knowles (NYSE KN) opened at $14.53 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. Knowles has a 1-year low of $13.10 and a 1-year high of $19.90. The stock has a market cap of $1,300.00, a PE ratio of 58.12, a price-to-earnings-growth ratio of 1.92 and a beta of 0.79.
In other Knowles news, Director Didier Hirsch bought 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $13.40 per share, for a total transaction of $26,800.00. Following the acquisition, the director now directly owns 40,821 shares in the company, valued at $547,001.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have acquired 8,009 shares of company stock worth $114,693. 2.20% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. lifted its position in shares of Knowles by 222.6% during the fourth quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock valued at $119,000 after buying an additional 5,618 shares during the last quarter. Capital Management Associates NY purchased a new stake in shares of Knowles during the third quarter valued at about $153,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Knowles during the fourth quarter valued at about $170,000. We Are One Seven LLC purchased a new stake in shares of Knowles during the fourth quarter valued at about $203,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Knowles during the fourth quarter valued at about $209,000.
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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