Michael S. Polacek Purchases 1,007 Shares of Knowles Corporation (KN) Stock
Knowles Corporation (NYSE:KN) insider Michael S. Polacek acquired 1,007 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were acquired at an average cost of $14.78 per share, for a total transaction of $14,883.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Knowles Corporation (NYSE KN) opened at $15.68 on Friday. The stock has a market capitalization of $1,370.66, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.07 and a beta of 0.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.39 and a quick ratio of 1.43. Knowles Corporation has a 12-month low of $14.11 and a 12-month high of $19.90.
Knowles (NYSE:KN) last announced its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The business had revenue of $221.70 million for the quarter, compared to analysts’ expectations of $220.62 million. Knowles had a return on equity of 6.13% and a net margin of 0.25%. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. equities analysts anticipate that Knowles Corporation will post 0.62 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Knowles from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies assumed coverage on Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price objective on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price objective on shares of Knowles in a research report on Friday, October 27th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $20.00 price objective on shares of Knowles in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.42.
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Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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