TheStreet downgraded shares of Knowles (NYSE:KN – Get Rating) from a c- rating to a d+ rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports.
Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Knowles from a buy rating to a hold rating in a research report on Thursday, August 4th. Roth Capital downgraded Knowles from a buy rating to a neutral rating and reduced their price target for the stock from $20.00 to $17.00 in a report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $20.63.
Get Knowles alerts:Knowles Trading Down 1.3 %
Shares of NYSE KN opened at $12.75 on Monday. Knowles has a 1-year low of $12.75 and a 1-year high of $23.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.54 and a quick ratio of 1.27. The business's 50 day moving average is $16.27 and its two-hundred day moving average is $18.21. The stock has a market capitalization of $1.17 billion, a P/E ratio of -10.80 and a beta of 1.42.
Knowles (NYSE:KN – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Knowles had a positive return on equity of 9.12% and a negative net margin of 12.20%. The business had revenue of $188.00 million for the quarter, compared to the consensus estimate of $200.00 million. As a group, research analysts expect that Knowles will post 0.97 EPS for the current year.Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd grew its stake in Knowles by 110.8% in the first quarter. WINTON GROUP Ltd now owns 103,467 shares of the communications equipment provider's stock worth $2,228,000 after purchasing an additional 54,389 shares in the last quarter. Renaissance Technologies LLC grew its stake in Knowles by 49.4% in the fourth quarter. Renaissance Technologies LLC now owns 899,300 shares of the communications equipment provider's stock worth $20,999,000 after purchasing an additional 297,226 shares in the last quarter. Horizon Investment Services LLC bought a new stake in Knowles during the 1st quarter valued at $468,000. Commerce Bank bought a new stake in Knowles during the 4th quarter valued at $229,000. Finally, Great Lakes Advisors LLC boosted its position in Knowles by 263.2% during the 1st quarter. Great Lakes Advisors LLC now owns 474,684 shares of the communications equipment provider's stock valued at $10,220,000 after acquiring an additional 344,003 shares in the last quarter. Institutional investors own 99.14% of the company's stock.
Knowles Company Profile
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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 in two segments, Audio and Precision Devices (PD).
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