As of right now, Knowles Corporation [KN] is trading at $15.11, up 6.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KN shares have gain 5.89% over the last week, with a monthly amount drifted -8.59%, and not seem to be holding up well over a long-time horizon.
On 18, September 2023, Knowles Announces Next Phase of Transformation to an Industrial Technology Company. In a post published today on Yahoo Finance, Enters into Agreement to Acquire Cornell Dubilier for Total Cash Consideration of $263 Million, Adding Film, Electrolytic and Mica Capacitor Product Offerings; Expected to be Accretive to Non-GAAP EPS in 2024.
From an analyst’s perspective:
Knowles Corporation [NYSE: KN] stock has seen the most recent analyst activity on August 03, 2022, when ROTH Capital downgraded its rating to a Neutral and also revised its price target to $17 from $20.
Through the last year, Knowles Corporation’s stock price ranged from $11.57 to $20.25. Currently, Wall Street analysts expect the stock to reach $19.50 within the next 12 months. Knowles Corporation [NYSE: KN] shares were valued at $15.11 at the most recent close of the market. An investor can expect a potential return of 29.05% based on the average KN price forecast.
Analyzing the KN fundamentals
For Knowles Corporation, (KN), the latest quarter sales were 173.0 billion, which represents an -8.00% decrease. In the same period, the company’s revenue per employee was $109,243, whereas its income per employee was -$61,443. Gross Margin for this corporation currently stands at +39.34% with Operating Margin at +13.39%, Pretax Margin comes in at -54.69%, and Net Margin reading is -56.24%. To continue investigating profitability, this company’s Return on Assets is posted at -29.47, Equity is -35.08, Total Capital is 7.82, and Invested Capital is -33.16. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 6.10 and enduring liabilities to the whole assets at 5.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.67 points at the first support level, and at 14.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.47, and for the 2nd resistance point, it is at 15.82.
Knowles Corporation [KN] reported earnings per share of $0.23 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of $0.01 and a surprise factor of 4.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.05 per share as compared to estimates of $0.04 per share, a difference of $0.01 representing a surprise of 25.00%.
Ratios To Look Out For
It is important to note that Knowles Corporation [NYSE:KN] has a current ratio of 3.50. Further, the Quick Ratio stands at 1.95, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 1.97, the price to book ratio is 1.51.
Transactions by insiders
Recent insider trading involved SHAVERS CHERYL L, Director, that happened on May 18 when 12205.0 shares were sold. SVP, HR & Chief Admin. Officer, Cabrera Raymond D. completed a deal on May 03 to sell 8490.0 shares. Meanwhile, Director Crowley Daniel J bought 2000.0 shares on Nov 02.