Knowles (NYSE:KN) Updates Q4 Earnings Guidance

Knowles (NYSE:KN) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.26-0.30 for the period, compared to the consensus earnings per share 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 KN opened at $17.66 on Friday. 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 firm has a market cap of $1.56 billion, a PE ratio of -8.14 and a beta of 1.42. The company’s 50 day simple moving average is $17.59 and its 200-day simple moving average is $17.36. Knowles has a 12-month low of $12.78 and a 12-month high of $19.73.

Knowles (NYSE:KN) last announced 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 business had revenue of $204.70 million for 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 equities analysts recently weighed in on the stock. StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna lowered their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th.

Insider Activity 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 sale, the director now directly owns 48,933 shares in the company, valued at approximately $846,051.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Knowles news, Director Keith Barnes sold 6,725 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 29,748 shares of company stock worth $530,948 in the last three months. 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).