Knowles (KN) Set to Announce Quarterly Earnings on Thursday

Knowles (NYSE:KN) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Knowles has set its Q3 guidance at $0.29 to $0.33 EPS and its Q3 2024 guidance at 0.290-0.330 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Knowles (NYSE:KN) last issued its earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing the consensus estimate 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%.

Knowles Trading Up 1.1 %

Shares of NYSE KN opened at $17.92 on Thursday. Knowles has a twelve month low of $12.78 and a twelve month high of $19.73. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 20.36 and a beta of 1.42. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. The company’s fifty day moving average is $17.57 and its 200-day moving average is $17.29.

Insider Activity

In related news, Director Keith Barnes sold 6,725 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the sale, the director now directly owns 86,192 shares in the company, valued at $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Keith Barnes sold 6,725 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the transaction, the director now directly owns 86,192 shares of the company’s stock, valued at $1,541,112.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John S. Anderson sold 10,444 shares of the 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 of the company’s stock, valued at approximately $3,907,200. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,748 shares of company stock worth $530,948 over the last quarter. 2.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KN shares. StockNews.com lowered Knowles from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Susquehanna raised their price target on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th.

About Knowles

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).