Palantir Technologies lifts guidance after Q2 results beat Wall Street estimates
In a challenging market environment, Knowles Corporation (NYSE:KN) stock has touched a 52-week low, dipping to $15.1. According to InvestingPro data, the stock’s RSI indicates oversold territory, while the company maintains healthy financials with a current ratio of 1.83 and moderate debt levels. This latest price level reflects a notable decline for the company, which specializes in audio processing and precision device solutions. The stock has declined nearly 23% year-to-date, though InvestingPro analysis suggests the company is slightly undervalued at current levels, with analysts setting price targets up to $25. Investors are closely monitoring the company’s performance, as it navigates through market dynamics and strives to position itself for recovery and growth. With a robust gross profit margin of 44% and expected net income growth this year, the company shows promising fundamentals. Discover more insights with InvestingPro, where you’ll find 12 additional investment tips for KN.
In other recent news, Knowles Corporation reported its fourth-quarter 2024 earnings, which revealed a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.27, falling short of the forecasted $0.28, while revenue was $142.5 million, below the expected $146 million. Despite these misses, Knowles experienced a 2% year-over-year increase in revenue for the quarter and a 23% rise in non-GAAP EPS. For the full year, the company achieved a 21% revenue growth from continuing operations and a 32% increase in non-GAAP EPS. Additionally, Knowles completed the sale of its consumer MEMS microphone business and secured a significant $75 million order in the energy sector. In other developments, Knowles Corporation disclosed a substantial equity award to its CEO, Jeffrey S. Niew, consisting of performance share units (PSUs) tied to specific earnings and revenue milestones. These recent updates provide a view into Knowles’ strategic moves and ongoing business performance.
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