Knowles (KN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Knowles (NYSE:KN) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.33.

A number of analysts recently commented on KN shares. Zacks Investment Research lowered Knowles from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Craig Hallum reaffirmed a “buy” rating and issued a $16.00 target price (down from $17.00) on shares of Knowles in a research report on Monday, April 2nd. Lake Street Capital decreased their target price on Knowles from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. ValuEngine lowered Knowles from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Knowles from $16.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, April 24th.

In related news, Director Didier Hirsch purchased 7,000 shares of the business’s stock in a transaction on Tuesday, May 1st. The stock was acquired at an average price of $12.69 per share, for a total transaction of $88,830.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Barnes sold 3,976 shares of Knowles stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $13.32, for a total value of $52,960.32. Following the transaction, the director now owns 43,690 shares of the company’s stock, valued at approximately $581,950.80. The disclosure for this sale can be found here. Insiders have acquired a total of 11,838 shares of company stock valued at $149,163 in the last quarter. Company insiders own 3.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in KN. Assetmark Inc. boosted its stake in shares of Knowles by 222.6% in the 4th quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after buying an additional 5,618 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Knowles in the 1st quarter worth approximately $127,000. Crossmark Global Holdings Inc. purchased a new position in shares of Knowles in the 4th quarter worth approximately $170,000. UBS Group AG boosted its stake in shares of Knowles by 112.3% in the 1st quarter. UBS Group AG now owns 14,620 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 7,733 shares during the last quarter. Finally, We Are One Seven LLC purchased a new position in shares of Knowles in the 4th quarter worth approximately $203,000.

Knowles opened at $14.57 on Thursday, Marketbeat.com reports. Knowles has a 1-year low of $10.94 and a 1-year high of $19.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.52. The stock has a market capitalization of $1.30 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86.

Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, April 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Knowles had a return on equity of 5.95% and a net margin of 8.83%. The business had revenue of $178.50 million during the quarter, compared to the consensus estimate of $178.93 million. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. analysts expect that Knowles will post 0.67 earnings per share for the current year.

Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

Analyst Recommendations for Knowles (NYSE:KN)

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