BidaskClub upgraded shares of Knowles Corporation (NYSE:KN) from a strong sell rating to a sell rating in a research report released on Saturday morning.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Knowles Corporation from a hold rating to a sell rating in a research report on Thursday, May 4th. Dougherty & Co started coverage on shares of Knowles Corporation in a research report on Thursday, June 8th. They issued a buy rating and a $22.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Knowles Corporation has a consensus rating of Hold and a consensus target price of $18.33.
Shares of Knowles Corporation (NYSE KN) traded up 0.89% during trading on Friday, hitting $14.73. 882,267 shares of the stock traded hands. Knowles Corporation has a 12 month low of $13.32 and a 12 month high of $19.90. The company has a 50 day moving average price of $15.49 and a 200 day moving average price of $17.55. The firm’s market cap is $1.32 billion.
Knowles Corporation (NYSE:KN) last announced its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Knowles Corporation had a negative net margin of 2.44% and a positive return on equity of 6.98%. The firm had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $190.24 million. During the same quarter in the prior year, the company earned $0.13 EPS. The company’s revenue was down .1% compared to the same quarter last year. Analysts anticipate that Knowles Corporation will post $0.95 earnings per share for the current fiscal year.
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In other news, insider Michael S. Polacek acquired 3,246 shares of Knowles Corporation stock in a transaction that occurred on 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 purchase, the insider now directly owns 42,866 shares in the company, valued at approximately $660,136.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Knowles Corporation by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,022 shares of the communications equipment provider’s stock valued at $220,000 after buying an additional 66 shares during the period. Amalgamated Bank raised its stake in Knowles Corporation by 0.9% in the second quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock worth $212,000 after buying an additional 117 shares during the last quarter. Atria Investments LLC raised its stake in Knowles Corporation by 1.5% in the second quarter. Atria Investments LLC now owns 12,485 shares of the communications equipment provider’s stock worth $211,000 after buying an additional 180 shares during the last quarter. State Treasurer State of Michigan raised its stake in Knowles Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 36,011 shares of the communications equipment provider’s stock worth $682,000 after buying an additional 300 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in Knowles Corporation by 3.0% in the first quarter. Advantus Capital Management Inc now owns 11,356 shares of the communications equipment provider’s stock worth $215,000 after buying an additional 329 shares during the last quarter.
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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