Knowles Corporation (NYSE:KN) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.23-0.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.33. The company issued revenue guidance of $205-235 million, compared to the consensus revenue estimate of $243.07 million.
Knowles Corporation (NYSE KN) traded up 0.95% during mid-day trading on Monday, hitting $14.85. 500,427 shares of the company traded hands. Knowles Corporation has a one year low of $13.32 and a one year high of $19.90. The stock’s market capitalization is $1.33 billion. The company’s 50-day moving average is $16.11 and its 200-day moving average is $17.77.
Knowles Corporation (NYSE:KN) last announced its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. The firm had revenue of $190.20 million during the quarter, compared to analyst estimates of $190.24 million. During the same period last year, the firm posted $0.13 EPS. The business’s revenue was down .1% compared to the same quarter last year. Analysts predict that Knowles Corporation will post $0.95 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Dougherty & Co initiated coverage on Knowles Corporation in a research report on Thursday, June 8th. They set a buy rating and a $22.00 target price for the company. BidaskClub lowered Knowles Corporation from a buy rating to a hold rating in a report on Wednesday, June 14th. Finally, Zacks Investment Research raised Knowles Corporation from a sell rating to a hold rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Knowles Corporation has an average rating of Hold and an average price target of $18.33.
In other Knowles Corporation news, insider Michael S. Polacek purchased 3,246 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of $15.40 per share, for a total transaction of $49,988.40. Following the transaction, the insider now owns 42,866 shares in the company, valued at approximately $660,136.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.
About Knowles Corporation
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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