Knowles Corporation (NYSE:KN) Rating Lowered to Sell at Zacks Investment Research

Knowles Corporation (NYSE:KN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, November 2nd.

According to Zacks, “Knowles Corporation operates as a supplier of advanced micro-acoustic, specialty components, and human interface solutions. The Company designs and manufactures acoustic products, including microphones, speakers, and receivers for the handset, tablet, and other consumer electronic markets. It also designs and manufactures electronic components used in medical and life science applications and solutions and components used in communications infrastructure and various other markets. Knowles Corporation is headquartered in Itasca, Illinois. “

A number of other research firms have also recently issued reports on KN. BidaskClub cut shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Robert W. Baird reissued a “buy” rating and issued a $20.00 target price on shares of Knowles Corporation in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.00.

Shares of Knowles Corporation (KN) opened at $16.71 on Thursday. Knowles Corporation has a 12 month low of $14.11 and a 12 month high of $19.90. The company has a quick ratio of 1.43, a current ratio of 2.39 and a debt-to-equity ratio of 0.29. The company has a market cap of $1,441.34, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80.

Knowles Corporation (NYSE:KN) last released its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $221.70 million during the quarter, compared to the consensus estimate of $220.62 million. Knowles Corporation had a net margin of 0.25% and a return on equity of 6.13%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. equities research analysts forecast that Knowles Corporation will post 0.64 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC bought a new stake in Knowles Corporation during the 2nd quarter valued at $181,842,000. BlackRock Inc. increased its stake in Knowles Corporation by 16,850.3% during the 1st quarter. BlackRock Inc. now owns 9,107,540 shares of the communications equipment provider’s stock valued at $172,588,000 after purchasing an additional 9,053,809 shares in the last quarter. Vanguard Group Inc. increased its stake in Knowles Corporation by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 7,497,520 shares of the communications equipment provider’s stock valued at $126,858,000 after purchasing an additional 170,687 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Knowles Corporation by 20.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,343,949 shares of the communications equipment provider’s stock valued at $66,332,000 after purchasing an additional 725,486 shares in the last quarter. Finally, State Street Corp increased its stake in Knowles Corporation by 4.3% during the 2nd quarter. State Street Corp now owns 2,879,505 shares of the communications equipment provider’s stock valued at $48,729,000 after purchasing an additional 119,203 shares in the last quarter.

Knowles Corporation 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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