Knowles (KN) Set to Announce Quarterly Earnings on Wednesday

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Knowles (NYSE:KN) is set to issue its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Knowles has set its Q2 2019 guidance at $0.17-0.21 EPS and its Q2 guidance at $0.17-0.21 EPS.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.05). Knowles had a net margin of 7.88% and a return on equity of 6.05%. The firm had revenue of $179.80 million during the quarter, compared to analyst estimates of $175.00 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. Knowles’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts expect Knowles to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of KN opened at $17.46 on Tuesday. Knowles has a twelve month low of $12.20 and a twelve month high of $19.43. The firm has a fifty day moving average price of $17.48. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.71 and a quick ratio of 1.46.

In related news, CFO John S. Anderson sold 7,500 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $18.11, for a total value of $135,825.00. Following the transaction, the chief financial officer now directly owns 84,312 shares of the company’s stock, valued at approximately $1,526,890.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company’s stock.

A number of equities research analysts have recently weighed in on KN shares. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Craig Hallum restated a “buy” rating and issued a $125.00 price objective (up from $103.00) on shares of Lithia Motors in a report on Thursday, April 25th. JPMorgan Chase & Co. set a €117.00 ($136.05) price objective on shares of Siemens and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, ValuEngine lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Knowles presently has a consensus rating of “Hold” and an average price target of $17.93.

Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

Read More: Sell-Side Analysts

Earnings History for Knowles (NYSE:KN)

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