Knowles Corp (KN) Expected to Announce Quarterly Sales of $180.00 Million
Equities research analysts expect Knowles Corp (NYSE:KN) to report $180.00 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Knowles’ earnings. The highest sales estimate is $180.01 million and the lowest is $180.00 million. Knowles reported sales of $193.70 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Knowles will report full-year sales of $180.00 million for the current year, with estimates ranging from $790.70 million to $822.40 million. For the next financial year, analysts forecast that the company will post sales of $847.15 million per share, with estimates ranging from $824.30 million to $870.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Knowles.
Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. The business had revenue of $215.50 million for the quarter, compared to the consensus estimate of $221.96 million. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share.
In other Knowles news, Director Didier Hirsch purchased 3,000 shares of the stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $14.45 per share, with a total value of $43,350.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 7,947 shares of company stock worth $114,724. 2.20% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of KN. Goldman Sachs Group Inc. boosted its stake in shares of Knowles by 184.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,058,846 shares of the communications equipment provider’s stock worth $30,183,000 after acquiring an additional 1,335,791 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Knowles by 20.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,343,949 shares of the communications equipment provider’s stock worth $66,332,000 after acquiring an additional 725,486 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Knowles during the 3rd quarter worth about $4,447,000. Baird Financial Group Inc. purchased a new stake in shares of Knowles during the 4th quarter worth about $3,040,000. Finally, Vanguard Group Inc. boosted its stake in shares of Knowles by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 7,497,520 shares of the communications equipment provider’s stock worth $126,858,000 after acquiring an additional 170,687 shares in the last quarter.
Shares of Knowles (KN) traded up $0.04 during mid-day trading on Wednesday, hitting $14.55. The stock had a trading volume of 517,821 shares, compared to its average volume of 1,070,000. The firm has a market capitalization of $1,300.00, a P/E ratio of 58.20, a PEG ratio of 1.92 and a beta of 0.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 2.60. Knowles has a 1-year low of $13.10 and a 1-year high of $19.90.
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Knowles Company Profile
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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