Knowles (NYSE:KN) Releases Q4 Earnings Guidance

Knowles (NYSE:KN) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.26-0.30 for the period, compared to the consensus estimate of $0.30. The company issued revenue guidance of $141-151 million, compared to the consensus revenue estimate of $145.30 million.

Knowles Stock Performance

Shares of NYSE:KN traded up $0.15 during midday trading on Thursday, reaching $17.22. The company had a trading volume of 636,824 shares, compared to its average volume of 575,005. Knowles has a 52-week low of $12.78 and a 52-week high of $19.73. The company’s 50 day moving average price is $17.60 and its 200 day moving average price is $17.34. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.55 billion, a P/E ratio of 19.39 and a beta of 1.42.

Knowles (NYSE:KN) last released its earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The firm had revenue of $204.70 million during the quarter. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%.

Analyst Ratings Changes

A number of research analysts have recently commented on KN shares. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th. Susquehanna increased their price target on shares of Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Finally, StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research report on Friday, October 18th.

Insider Transactions at Knowles

In related news, Director Cheryl L. Shavers sold 12,579 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the completion of the sale, the director now owns 48,933 shares in the company, valued at approximately $846,051.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Cheryl L. Shavers sold 12,579 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total value of $217,490.91. Following the transaction, the director now directly owns 48,933 shares of the company’s stock, valued at approximately $846,051.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John S. Anderson sold 10,444 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total transaction of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares of the company’s stock, valued at $3,907,200. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,748 shares of company stock worth $530,948. Corporate insiders own 2.65% of the company’s stock.

About Knowles

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).