Knowles (NYSE:KN) Releases Q3 2024 Earnings Guidance

Knowles (NYSE:KN) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.240-0.280 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $139.0 million-$143.0 million, compared to the consensus revenue estimate of $215.0 million. Knowles also updated its Q4 2024 guidance to EPS.

Wall Street Analysts Forecast Growth

Separately, Susquehanna increased their target price on shares of Knowles from $15.00 to $20.00 and gave the stock a neutral rating in a research note on Wednesday, July 17th.

Knowles Trading Up 4.1 %

Shares of KN stock opened at $17.91 on Friday. Knowles has a 1-year low of $12.78 and a 1-year high of $19.73. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 20.35 and a beta of 1.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.30. The stock has a 50 day simple moving average of $17.79 and a 200-day simple moving average of $17.04.

Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.16). Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The company had revenue of $204.70 million for the quarter.

Insider Buying and Selling

In related news, CFO John S. Anderson sold 10,444 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total value 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 approximately $3,907,200. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.65% of the stock is currently owned by insiders.

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).