MillerKnoll (NASDAQ:MLKN) Announces Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Key Points

• MillerKnoll reported quarterly EPS of $0.53, beating analyst expectations of $0.35 by $0.18. Revenue totaled $923.4 million, below the $940.93 million consensus estimate.
• The company declared a quarterly dividend of $0.1875 per share, equivalent to an annualized $0.75 payout and a 3.7% yield.
• Shares fell 1.6% to $20.32, while Wall Street maintained a consensus “Hold” rating, with one Buy rating and three Holds.

MillerKnoll (NASDAQ:MLKN - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.18, FiscalAI reports. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The business had revenue of $923.40 million during the quarter, compared to analyst estimates of $940.93 million.

MillerKnoll Stock Down 1.6%

Shares of NASDAQ:MLKN opened at $20.32 on Tuesday. MillerKnoll has a 1 year low of $13.77 and a 1 year high of $24.71. The company has a market capitalization of $1.40 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36. The business has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $18.88. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 0.90.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Saturday, August 29th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.75 annualized dividend and a yield of 3.7%. MillerKnoll's payout ratio is currently 56.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MLKN shares. Wall Street Zen cut shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Sunday, July 26th. Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 26th. Benchmark raised shares of MillerKnoll to a "hold" rating in a research report on Thursday, September 17th. Finally, Weiss Ratings upgraded MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".

MillerKnoll Company Profile

MillerKnoll, Inc is a global design company that develops, manufactures and sells furnishings and related products for workplace, healthcare, education, hospitality and residential environments. Its portfolio includes furniture for offices and homes, seating, desks, tables, storage systems, lighting, textiles and accessories, as well as products intended to support collaboration and flexible workspaces.

The company operates a collection of design-focused brands, including Herman Miller, Knoll, Design Within Reach, Muuto, HAY, Maharam and Geiger.

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