Knowles Corporation (NYSE:KN) has a beta of 1.37, a 12-month trailing P/E ratio of 69.83, and a growth ratio of 4.66. The stock’s Relative Strength Index (RSI) is 42.15, with weekly volatility at 1.12% and ATR at 0.35. The KN stock’s 52-week price range has touched low of $14.03 and a $22.11 high. Its shares traded lower over the last trading session, losing -0.35% on 06/10/21. The shares fell to a low of $19.96 before closing at $19.97. Intraday shares traded counted 0.52 million, which was 22.21% higher than its 30-day average trading volume of 670.47K. KN’s previous close was $20.04 while the outstanding shares total 92.26M.
Investors have identified the Communication Equipment company Knowles Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.85 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Knowles Corporation (KN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For KN, the company has in raw cash 181.6 million on their books with 167.3 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 450.6 million total, with 302.2 million as their total liabilities.
KN were able to record 34.5 million as free cash flow during the 07/27/2021 quarter of the year, this saw their quarterly net cash flow reduce by 33.8 million. In cash movements, the company had a total of 39.7 million as operating cash flow.
Potential earnings growth for Knowles Corporation (KN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/27/2021 quarter of the year, Knowles Corporation recorded a total of 201.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 18.86% coming in sequential stages and their sales for the 07/27/2021 quarter reducing by -21.0%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 123.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 78.0 million. This allows shareholders to hold on to 92.26M with the recently reported earning now reading 0.13 cents per share. This is a figure that compared to analyst’s prediction for their 07/27/2021 (0.19 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.20 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on KN sounds very interesting.
Is the stock of KN attractive?
In related news, Director, BARNES KEITH sold 6,725 shares of the company’s stock in a transaction that recorded on Jun 03. The sale was performed at an average price of 20.28, for a total value of 136,383. As the sale deal closes, the Vice President, Controller, Bastarrica Air A. Jr. now sold 14,234 shares of the company’s stock, valued at 301,761. Also, Director, SHAVERS CHERYL L sold 8,000 shares of the company’s stock in a deal that was recorded on Apr 29. The shares were price at an average price of 21.09 per share, with a total market value of 168,720. Following this completion of acquisition, the SVP, HR & Chief Admin. Officer, Cabrera Raymond D. now holds 36,419 shares of the company’s stock, valued at 768,903. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.40%.
4 out of 8 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Knowles Corporation. 1 analysts has assigned a Sell rating on the KN stock. The 12-month mean consensus price target for the company’s shares has been set at $24.50.