Knowles (NYSE:KN – Get Free Report) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.240-0.280 for the period, compared to the consensus earnings per share 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.
Knowles Stock Performance
Shares of KN traded down $0.11 during mid-day trading on Thursday, reaching $17.09. 302,481 shares of the company’s stock were exchanged, compared to its average volume of 536,490. The business’s fifty day simple moving average is $17.80 and its 200-day simple moving average is $17.04. Knowles has a 52-week low of $12.78 and a 52-week high of $19.73. The stock has a market capitalization of $1.53 billion, a PE ratio of 19.23 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.
Knowles (NYSE:KN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $204.70 million during the quarter.
Analyst Ratings Changes
Check Out Our Latest Analysis on Knowles
Insiders Place Their Bets
In related news, CFO John S. Anderson sold 10,444 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the completion of the sale, the chief financial officer now owns 211,200 shares in the company, valued at $3,907,200. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.65% of the stock is 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).
Recommended Stories
- Five stocks we like better than Knowles
- Using the MarketBeat Dividend Yield Calculator
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- Investing In Automotive Stocks
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Is Alphabet a Long-Term Buying Opportunity After Recent Declines?
Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.