Knowles (KN) Scheduled to Post Earnings on Thursday

Knowles (NYSE:KN) will post its quarterly earnings results after the market closes on Thursday, October 24th. Knowles has set its Q3 guidance at $0.29 to $0.33 EPS and its Q3 2024 guidance at 0.290-0.330 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Knowles (NYSE:KN) last posted its earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 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%.

Knowles Stock Performance

NYSE KN opened at $17.29 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.30. Knowles has a 1-year low of $12.78 and a 1-year high of $19.73. The business has a 50 day simple moving average of $17.61 and a two-hundred day simple moving average of $17.34. The stock has a market capitalization of $1.55 billion, a PE ratio of 19.65 and a beta of 1.42.

Analysts Set New Price Targets

KN has been the subject of a number of recent research reports. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Susquehanna upped their target price on shares of Knowles from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th.

Insider Transactions at Knowles

In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following the transaction, the director now owns 48,933 shares in the company, valued at $846,051.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Keith Barnes sold 6,725 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $17.88, for a total value of $120,243.00. Following the sale, the director now directly owns 86,192 shares in the company, valued at approximately $1,541,112.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Cheryl L. Shavers sold 12,579 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total value of $217,490.91. Following the transaction, the director now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 29,748 shares of company stock worth $530,948. 2.65% of the stock is currently owned by company insiders.

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).