Knowles Corp (KN) reported quarterly earnings results on Monday, Apr-25-2016. The company said it had a profit of $0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.03. The company posted revenue of $185.30 million in the period, compared to analysts expectations of $180.18 million. The company’s revenue was down -.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
Many Wall Street Analysts have commented on Knowles Corp. Shares were Reiterated by Topeka Capital Markets on Feb 12, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $23 .
Knowles Corp opened for trading at $13.18 and hit $14.47 on the upside on Friday, eventually ending the session at $14.28, with a gain of 8.18% or 1.08 points. The heightened volatility saw the trading volume jump to 25,28,587 shares. Company has a market cap of $1,263 M.
In a different news, on Feb 22, 2016, Jeffrey Niew (President & CEO) sold 4,467 shares at $11.15 per share price. According to the SEC, on Feb 19, 2016, Didier Hirsch (director) purchased 2,000 shares at $11.10 per share price. On Feb 19, 2016, Gordon A. Walker (President, Acoustics) purchased 9,000 shares at $10.87 per share price, according to the Form-4 filing with the securities and exchange commission.
Knowles Corporation (Knowles) is a supplier of micro-acoustic solutions and specialty components serving the mobile communications consumer electronics medical technology military aerospace and industrial markets. The Company operates micro-electro-mechanical systems (MEMS) microphones speakers and receivers which are used in smartphones tablets and mobile handsets. The Company’s segments include Mobile Consumer Electronics (MCE) and Specialty Components (SC). MCE includes analog and digital microphones MEMS microphones surface mounted device microphones multi-functional devices and integrated audio sub-systems among others. SC includes transducers oscillators capacitors and filters. The Company is also a manufacturer of transducers used in hearing aids and other medical devices and capacitor components which provide various types of communication. The Company’s wholly owned subsidiary Audience Inc. offers intelligent audio and signal processing solutions.