Sidoti Has Optimistic Outlook of MillerKnoll Q2 Earnings

Key Points

• Sidoti raised its MillerKnoll Q2 2027 EPS forecast to $0.46 from $0.45, in line with the company’s $0.43–$0.49 guidance range.
• MillerKnoll’s latest quarter delivered adjusted EPS of $0.53, well above the $0.35 consensus, but revenue fell 3.4% year over year to $923.4 million and missed estimates.
• The stock carries a consensus “Hold” rating, while MillerKnoll maintains a quarterly dividend of $0.1875 per share, representing a 3.7% annualized yield.

MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) - Equities research analysts at Sidoti lifted their Q2 2027 EPS estimates for shares of MillerKnoll in a research report issued to clients and investors on Wednesday, September 23rd. Sidoti analyst G. Burns now forecasts that the company will post earnings per share of $0.46 for the quarter, up from their prior estimate of $0.45. The consensus estimate for MillerKnoll's current full-year earnings is $2.02 per share. Sidoti also issued estimates for MillerKnoll's Q3 2027 earnings at $0.34 EPS, Q4 2027 earnings at $0.65 EPS, FY2027 earnings at $1.99 EPS, Q1 2028 earnings at $0.44 EPS, Q2 2028 earnings at $0.61 EPS, Q3 2028 earnings at $0.50 EPS, Q4 2028 earnings at $0.80 EPS and FY2028 earnings at $2.34 EPS.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings data on Tuesday, September 22nd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.35 by $0.18. The business had revenue of $923.40 million for the quarter, compared to the consensus estimate of $940.93 million. MillerKnoll had a net margin of 2.57% and a return on equity of 10.10%. The business's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS.

MLKN has been the topic of several other reports. Weiss Ratings raised MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Benchmark upgraded MillerKnoll to a "hold" rating in a research note on Thursday, September 17th. Finally, Wall Street Zen lowered MillerKnoll from a "buy" rating to a "hold" rating in a report on Sunday, July 26th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold".

MillerKnoll Trading Down 1.2%

NASDAQ MLKN opened at $20.04 on Thursday. The company has a market capitalization of $1.38 billion, a PE ratio of 14.21, a P/E/G ratio of 0.84 and a beta of 1.36. The company has a fifty day moving average of $22.50 and a 200 day moving average of $18.88. MillerKnoll has a 1 year low of $13.77 and a 1 year high of $24.71. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.65 and a quick ratio of 0.90.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 28th. MillerKnoll's dividend payout ratio (DPR) is currently 56.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MLKN. Integrated Wealth Concepts LLC purchased a new stake in shares of MillerKnoll during the 2nd quarter worth about $41,000. Nykredit A S purchased a new position in shares of MillerKnoll in the 2nd quarter valued at about $28,000. Amundi purchased a new position in shares of MillerKnoll in the 2nd quarter valued at about $373,000. HighTower Advisors LLC acquired a new position in MillerKnoll in the 2nd quarter worth about $236,000. Finally, Susquehanna Fundamental Investments LLC raised its holdings in MillerKnoll by 48.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 170,612 shares of the company's stock worth $3,491,000 after purchasing an additional 55,307 shares during the period. Hedge funds and other institutional investors own 87.50% of the company's stock.

Trending Headlines about MillerKnoll

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: Adjusted EPS of $0.53 exceeded the $0.35 analyst consensus and rose from $0.45 a year earlier, indicating effective cost control and stronger profitability. MillerKnoll Surpasses Q1 Earnings Estimates
• Positive Sentiment: Management highlighted margin expansion, disciplined expense management and execution as factors that offset softer demand. The earnings beat and maintained ability to generate cash could support the stock’s valuation. MillerKnoll Shines Despite Revenue Headwinds
• Neutral Sentiment: For fiscal 2027, MillerKnoll issued an EPS range of $1.85 to $2.15, broadly bracketing the $2.02 consensus. Second-quarter EPS guidance of $0.43 to $0.49 was also close to expectations of $0.46. MillerKnoll Releases FY 2027 Earnings Guidance
• Negative Sentiment: Quarterly revenue declined 3.4% year over year to $923.4 million and fell short of the $940.9 million consensus. The revenue miss suggests continued demand pressure across MillerKnoll’s markets. MillerKnoll Q1 2027 EPS Tops Expectations, Revenue Down 3%
• Negative Sentiment: Management forecast fiscal 2027 revenue of $3.9 billion to $4.0 billion, below or at the low end of the roughly $4.0 billion consensus, effectively lowering sales expectations. This softer outlook appears to be the main reason investors are discounting the earnings beat. MillerKnoll Fiscal Q1 Adjusted Earnings Rise, Net Sales Fall

About MillerKnoll

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.