MillerKnoll (NASDAQ:MLKN) Issues Quarterly Earnings Results

Key Points

• MillerKnoll (NASDAQ: MLKN) reported quarterly earnings of $0.45 per share, exceeding estimates by $0.10.
• The company announced a quarterly dividend of $0.1875 per share, yielding 3.9%.
• Hedge funds and institutional investors own 87.50% of MillerKnoll's shares, indicating strong institutional confidence in the stock.

MillerKnoll (NASDAQ:MLKN - Get Free Report) announced its earnings results on Tuesday. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11, Zacks reports. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. During the same quarter in the previous year, the firm posted $0.36 EPS. The business's quarterly revenue was up 10.9% on a year-over-year basis. MillerKnoll updated its Q2 2026 guidance to 0.380-0.440 EPS.

MillerKnoll Trading Down 4.4%

NASDAQ MLKN traded down $0.88 during trading hours on Tuesday, reaching $19.02. The company had a trading volume of 1,823,258 shares, compared to its average volume of 527,636. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $1.30 billion, a P/E ratio of -33.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. The stock has a 50-day moving average of $20.42 and a 200 day moving average of $18.73. MillerKnoll has a 1-year low of $15.25 and a 1-year high of $25.96.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a yield of 3.9%. MillerKnoll's dividend payout ratio is presently -133.93%.

Institutional Trading of MillerKnoll

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in shares of MillerKnoll by 311.8% during the first quarter. Jane Street Group LLC now owns 414,275 shares of the company's stock worth $7,929,000 after buying an additional 313,684 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of MillerKnoll by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 230,995 shares of the company's stock valued at $4,486,000 after acquiring an additional 14,854 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of MillerKnoll by 7.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company's stock valued at $3,788,000 after acquiring an additional 13,099 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MillerKnoll by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company's stock valued at $775,000 after acquiring an additional 801 shares during the period. Finally, Norges Bank purchased a new position in MillerKnoll in the 2nd quarter valued at $768,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research raised shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday. Finally, Benchmark upgraded shares of MillerKnoll to a "hold" rating in a report on Friday, June 27th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.