Knowles (NYSE:KN – Get Free Report) announced its quarterly earnings data on Thursday. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06, Briefing.com reports. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The company had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.97 million. During the same period in the previous year, the company earned $0.25 EPS. The business’s quarterly revenue was up 31.8% compared to the same quarter last year. Knowles updated its Q4 guidance to $0.26-0.30 EPS.
Knowles Stock Up 2.6 %
KN stock traded up $0.44 during midday trading on Friday, reaching $17.66. The company had a trading volume of 661,067 shares, compared to its average volume of 557,681. The company has a 50 day moving average of $17.59 and a two-hundred day moving average of $17.36. Knowles has a 1 year low of $12.78 and a 1 year high of $19.73. The company has a market capitalization of $1.56 billion, a P/E ratio of -8.14 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.
Insider Transactions at Knowles
In other Knowles news, CFO John S. Anderson sold 10,444 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the sale, the chief financial officer now directly owns 211,200 shares in the company, valued at $3,907,200. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO John S. Anderson sold 10,444 shares of Knowles stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $18.50, for a total transaction of $193,214.00. Following the completion of the transaction, the chief financial officer now directly owns 211,200 shares of the company’s stock, valued at $3,907,200. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cheryl L. Shavers sold 12,579 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the completion of the transaction, the director now directly owns 48,933 shares of the company’s stock, valued at approximately $846,051.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,748 shares of company stock worth $530,948 in the last 90 days. 2.65% of the stock is owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Research Report on Knowles
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).
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