Knowles Corp (NYSE:KN) shares traded -0.31% lower at $16.11 on Wall Street last session.
In accordance with the data, 4 analysts cover Knowles Corp (NYSE:KN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $15.00, we find $20.50. Given the previous closing price of $16.16, this indicates a potential upside of 26.86 percent. KN stock price is now 10.41% away from the 50-day moving average and -1.06% away from the 200-day moving average. The market capitalization of the company currently stands at $1.45B.
It has been rated a hold by 1 analysts and a buy by 2. Brokers who have rated the stock have averaged $19.25 as their price target over the next twelve months.
With the price target reduced from $20 to $17, ROTH Capital Downgraded its rating from Buy to Neutral for Knowles Corp (NYSE: KN).
In other news, Cabrera Raymond D., SVP, HR & Chief Admin. Officer sold 5,000 shares of the company’s stock on Nov 09. The stock was sold for $77,100 at an average price of $15.42. Upon completion of the transaction, the SVP, HR & Chief Admin. Officer now directly owns 84,202 shares in the company, valued at $1.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Director SHAVERS CHERYL L sold 12,205 shares of the business’s stock. A total of $202,725 was realized by selling the stock at an average price of $16.61. This leaves the insider owning 50,772 shares of the company worth $0.82 million. Insiders disposed of 394,720 shares of company stock worth roughly $6.36 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
Knowles Corp (NYSE: KN) opened at $16.37 on Wednesday. During the past 12 months, Knowles Corp has had a low of $12.78 and a high of $20.25. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 3.62, and a quick ratio of 1.90. The fifty day moving average price for KN is $14.59 and a two-hundred day moving average price translates $16.28 for the stock.
The latest earnings results from Knowles Corp (NYSE: KN) was released for Sep, 2023. According to the Communication Equipment Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.28 by 0.03. This compares to $0.03 EPS in the same period last year. The net profit margin was -26.54% and return on equity was -16.84% for KN. The company reported revenue of $175.1 million for the quarter, compared to $178.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.74 percent. For the current quarter, analysts expect KN to generate $215.22M in revenue.
Knowles Corp(KN) Company Profile
Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM). The PD segment is involved in the design and delivery of high-performance capacitor products, electromagnetic interference filters, and RF filtering solutions that are used in applications, such as defense, medtech, and electric vehicle, as well as for communications applications. The MSA segment designs and manufactures microphones and balanced armature speakers used in applications that serve the audio, hearing health, and True Wireless Stereo markets. The CMM segment designs and manufactures micro-electro-mechanical systems (MEMS) microphones and audio solutions used in applications that serves the ear, Internet of Things, computing, and smartphones markets. The company sells its products directly to original equipment manufacturers and to their contract manufacturers and suppliers, as well as through sales representatives and distributors. It has operations in Asia, the United States, Europe, other Americas, and internationally. Knowles Corporation was founded in 1946 and is headquartered in Itasca, Illinois.
