Knowles (NYSE:KN) Issues Q4 Earnings Guidance

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a research note on Saturday. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Susquehanna lowered their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday.

Knowles Trading Up 2.6 %

NYSE KN opened at $17.66 on Friday. The firm has a 50 day simple moving average of $17.59 and a 200-day simple moving average of $17.36. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -8.14 and a beta of 1.42. Knowles has a one year low of $12.78 and a one year high of $19.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36.

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

Insider Activity at Knowles

In related news, CFO John S. Anderson sold 10,444 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the sale, the chief financial officer now owns 211,200 shares of the company’s stock, valued at $3,907,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Knowles news, Director Keith Barnes sold 6,725 shares of the firm’s stock in a transaction that occurred 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 owns 86,192 shares of the company’s stock, valued at approximately $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John S. Anderson sold 10,444 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the sale, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,748 shares of company stock valued at $530,948 over the last 90 days. 2.65% of the stock is owned by corporate insiders.

Knowles Company Profile

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).