What’s in Knowles Corp After Today’s Bearish Options Activity?

 What's in Knowles Corp After Today's Bearish Options Activity?

In today’s session Knowles Corp (KN) recorded an unusually high (1,133) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious KN decrease. With 1,133 contracts traded and 21544 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: KN161021P00015000 closed last at: $1.15 or 20.7% down. About 86,318 shares traded hands. Knowles Corp (NYSE:KN) has risen 19.11% since March 3, 2016 and is uptrending. It has outperformed by 10.76% the S&P500.

Analysts await Knowles Corp (NYSE:KN) to report earnings on October, 24. They expect $0.23 earnings per share, up 109.09% or $0.12 from last year’s $0.11 per share. KN’s profit will be $20.62 million for 15.52 P/E if the $0.23 EPS becomes a reality. After $0.06 actual earnings per share reported by Knowles Corp for the previous quarter, Wall Street now forecasts 283.33% EPS growth.

Knowles Corp (NYSE:KN) Ratings Coverage

Out of 11 analysts covering Knowles Corporation (NYSE:KN), 5 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 45% are positive. Knowles Corporation has been the topic of 15 analyst reports since August 20, 2015 according to StockzIntelligence Inc. On Monday, January 4 the stock rating was upgraded by Craig Hallum to “Buy”. The firm has “Hold” rating given on Thursday, September 3 by Zacks. FBR Capital upgraded it to “Mkt Perform” rating and $18 target price in Monday, September 28 report. The stock of Knowles Corp (NYSE:KN) earned “Neutral” rating by JP Morgan on Tuesday, September 6. The firm has “Underperform” rating by FBR Capital given on Tuesday, October 27. The stock of Knowles Corp (NYSE:KN) earned “Buy” rating by Lake Street on Tuesday, January 12. The company was downgraded on Thursday, September 17 by Zacks. Benchmark initiated it with “Hold” rating and $15 target price in Wednesday, June 29 report. On Friday, February 12 the stock rating was maintained by Topeka Capital Markets with “Buy”. The rating was initiated by Roth Capital on Thursday, September 29 with “Buy”.

According to Zacks Investment Research, “Knowles Corporation operates as a supplier of advanced micro-acoustic, specialty components, and human interface solutions. The Company designs and manufactures acoustic products, including microphones, speakers, and receivers for the handset, tablet, and other consumer electronic markets. It also designs and manufactures electronic components used in medical and life science applications and solutions and components used in communications infrastructure and various other markets. Knowles Corporation is headquartered in Itasca, Illinois.”

Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The company has a market cap of $1.28 billion. It uses micro-electro-mechanical systems microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables. It currently has negative earnings. The Company’s divisions include Mobile Consumer Electronics (MCE) and Specialty Components (SC).

KN Company Profile

Knowles Corporation, incorporated on June 12, 2013, is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Firm uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables. The Company’s divisions include Mobile Consumer Electronics (MCE) and Specialty Components (SC). The MCE segment includes analog and digital microphones, MEMS microphones, surface mounted device microphones, receivers, speakers, integrated modules, multi-functional devices, ultrasonic sensors, voice processors and integrated audio sub-systems. The SC segment includes transducers, oscillators, capacitors and filters. The Firm makes acoustics components, which are used in hearing aids. The Company’s subsidiary, Audience, Inc., offers intelligent audio and signal processing solutions.

More notable recent Knowles Corp (NYSE:KN) news were published by: Marketwatch.com which released: “Knowles upgraded to market perform from underperform at FBR & Co.” on August 25, 2009, also Fool.com with their article: “Why Knowles Corp. Stock Slumped Today” published on July 27, 2016, Fool.com published: “Why Shares of Knowles Corp. Are Soaring Today” on April 26, 2016. More interesting news about Knowles Corp (NYSE:KN) were released by: Fool.com and their article: “Why Knowles Corp Shares Plunged Today” published on February 12, 2016 as well as Fool.com‘s news article titled: “Why Knowles Corp. Dropped Tuesday” with publication date: October 27, 2015.

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