Knowles (NYSE:KN) Rating Lowered to C+ at TheStreet

Knowles (NYSE:KNGet Rating) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.

A number of other equities analysts also recently weighed in on the stock. StockNews.com assumed coverage on shares of Knowles in a research note on Thursday, March 31st. They set a “buy” rating for the company. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $20.00 price target on shares of Knowles in a research note on Friday, April 29th. Susquehanna reissued a “hold” rating and set a $20.00 target price on shares of Knowles in a research report on Friday, April 29th. Zacks Investment Research cut shares of Knowles from a “strong-buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a report on Tuesday, April 12th. Finally, Colliers Securities upgraded shares of Knowles from a “neutral” rating to a “buy” rating and set a $25.50 price target on the stock in a report on Thursday, February 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $22.50.

Shares of Knowles stock opened at $18.26 on Wednesday. Knowles has a fifty-two week low of $18.00 and a fifty-two week high of $23.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.68 and a quick ratio of 1.45. The firm has a market capitalization of $1.68 billion, a P/E ratio of 11.07 and a beta of 1.36. The company’s 50 day moving average price is $20.11 and its two-hundred day moving average price is $21.29.

Knowles (NYSE:KNGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The communications equipment provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $201.40 million for the quarter, compared to analyst estimates of $200.18 million. Knowles had a net margin of 17.96% and a return on equity of 8.79%. Knowles’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, analysts expect that Knowles will post 1.4 earnings per share for the current year.

In other Knowles news, Director Ye Jane Li sold 13,450 shares of the firm’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $21.80, for a total transaction of $293,210.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Daniel J. Giesecke sold 47,873 shares of the firm’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of $22.19, for a total value of $1,062,301.87. The disclosure for this sale can be found here. Insiders have sold a total of 150,153 shares of company stock valued at $3,142,000 over the last three months. 3.15% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Knowles by 13.6% in the 4th quarter. BlackRock Inc. now owns 17,678,656 shares of the communications equipment provider’s stock valued at $412,796,000 after acquiring an additional 2,112,552 shares during the period. Franklin Resources Inc. increased its holdings in shares of Knowles by 33.3% in the 3rd quarter. Franklin Resources Inc. now owns 10,039,867 shares of the communications equipment provider’s stock valued at $188,148,000 after acquiring an additional 2,507,151 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Knowles by 36.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,574,519 shares of the communications equipment provider’s stock valued at $60,115,000 after acquiring an additional 685,980 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Knowles by 1.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,010,075 shares of the communications equipment provider’s stock valued at $46,935,000 after acquiring an additional 29,646 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Knowles by 2,171.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,688,658 shares of the communications equipment provider’s stock valued at $39,430,000 after acquiring an additional 1,614,305 shares during the period. Institutional investors own 99.90% of the company’s stock.

About Knowles (Get Rating)

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).

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