Knowles (KN) Earns “Buy” Rating from Robert W. Baird

Robert W. Baird restated their buy rating on shares of Knowles (NYSE:KN) in a report issued on Friday morning.

Several other research analysts have also commented on KN. Zacks Investment Research lowered Knowles from a buy rating to a hold rating in a report on Wednesday, December 26th. JPMorgan Chase & Co. set a $13.00 price objective on shares of Knowles and gave the company a sell rating in a report on Friday, January 4th. ValuEngine lowered shares of Knowles from a hold rating to a sell rating in a report on Monday, October 8th. Finally, Roth Capital reduced their price objective on shares of Knowles from $22.00 to $17.00 and set a buy rating on the stock in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $17.07.

NYSE KN opened at $13.63 on Friday. Knowles has a 52 week low of $10.94 and a 52 week high of $18.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.55 and a current ratio of 2.60. The firm has a market cap of $1.19 billion, a PE ratio of 19.47, a P/E/G ratio of 1.47 and a beta of 0.95.

Knowles (NYSE:KN) last posted its quarterly earnings results on Wednesday, October 24th. The communications equipment provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Knowles had a return on equity of 6.40% and a net margin of 8.99%. The business had revenue of $236.20 million for the quarter, compared to analyst estimates of $219.73 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Sell-side analysts expect that Knowles will post 0.7 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in KN. Jefferies Group LLC acquired a new position in shares of Knowles during the third quarter worth about $193,000. Ibex Investors LLC acquired a new position in shares of Knowles during the third quarter worth about $207,000. We Are One Seven LLC acquired a new position in shares of Knowles during the third quarter worth about $232,000. Krane Funds Advisors LLC grew its position in shares of Knowles by 6.4% during the third quarter. Krane Funds Advisors LLC now owns 22,849 shares of the communications equipment provider’s stock worth $380,000 after buying an additional 1,380 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Knowles by 26.0% during the third quarter. Russell Investments Group Ltd. now owns 25,626 shares of the communications equipment provider’s stock worth $426,000 after buying an additional 5,284 shares in the last quarter.

Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

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Analyst Recommendations for Knowles (NYSE:KN)

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