Knowles (NYSE:KN) Releases Q3 2024 Earnings Guidance

Knowles (NYSE:KN) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.240-0.280 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $139.0 million-$143.0 million, compared to the consensus revenue estimate of $215.0 million. Knowles also updated its Q4 2024 guidance to EPS.

Analyst Ratings Changes

Separately, Susquehanna upped their target price on shares of Knowles from $15.00 to $20.00 and gave the company a neutral rating in a report on Wednesday, July 17th.

Knowles Stock Performance

Shares of KN traded down $0.28 during midday trading on Thursday, reaching $16.92. 198,535 shares of the stock were exchanged, compared to its average volume of 535,916. The business’s 50-day moving average price is $17.80 and its 200 day moving average price is $17.04. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 19.55 and a beta of 1.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.30. Knowles has a twelve month low of $12.78 and a twelve month high of $19.73.

Knowles (NYSE:KN) last issued its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The firm had revenue of $204.70 million during the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Insiders Place Their Bets

In related news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $193,214.00. Following the transaction, the chief financial officer now owns 211,200 shares in the company, valued at approximately $3,907,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.65% of the stock is currently owned by insiders.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).