Knowles Corp (NYSE:KN) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 6,310,000 shares, a growth of 13.7% from the January 15th total of 5,550,000 shares. Currently, 7.0% of the shares of the company are sold short. Based on an average daily volume of 701,100 shares, the days-to-cover ratio is presently 9.0 days.
A number of brokerages have commented on KN. ValuEngine cut shares of Knowles from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Craig Hallum lowered their price objective on Knowles from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Lake Street Capital dropped their target price on Knowles from $20.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Finally, Piper Jaffray Companies set a $22.00 target price on Knowles and gave the stock a “hold” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Knowles has a consensus rating of “Hold” and an average target price of $21.00.
In other Knowles news, Director Ronald Steven Jankov bought 5,900 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average price of $17.35 per share, with a total value of $102,365.00. Also, Director Didier Hirsch bought 3,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average cost of $16.11 per share, for a total transaction of $48,330.00. 3.70% of the stock is currently owned by company insiders.
Shares of NYSE:KN opened at $17.74 on Friday. The company’s fifty day moving average is $19.98 and its 200-day moving average is $20.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 2.56. Knowles has a 52 week low of $15.47 and a 52 week high of $22.79. The company has a market capitalization of $1.62 billion, a PE ratio of 20.73, a P/E/G ratio of 1.94 and a beta of 1.20.
Knowles (NYSE:KN) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Knowles had a return on equity of 6.38% and a net margin of 5.74%. The firm had revenue of $233.90 million for the quarter, compared to analyst estimates of $237.65 million. During the same quarter last year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts forecast that Knowles will post 0.91 EPS for the current year.
Knowles Company Profile
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.
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