How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) posted its earnings results on Tuesday, September, 28th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by $0.01. The business services provider earned $789.70 million during the quarter, compared to analysts' expectations of $648.20 million. Herman Miller had a net margin of 1.47% and a trailing twelve-month return on equity of 15.85%. Herman Miller's quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS.

Is Herman Miller a good dividend stock?

Herman Miller (NASDAQ:MLHR) pays an annual dividend of $0.75 per share and currently has a dividend yield of 1.93%. The dividend payout ratio is 22.52%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MLHR .

What is Andi Owen's approval rating as Herman Miller's CEO?

54 employees have rated Herman Miller Chief Executive Officer Andi Owen on Glassdoor.com . Andi Owen has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Herman Miller own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Herman Miller investors own include AT&T (T) , AbbVie (ABBV) , Intel (INTC) , Pfizer (PFE) , Energy Transfer (ET) , Verizon Communications (VZ) , Medallion Financial (MFIN) , Target (TGT) , Advanced Micro Devices (AMD) and Cisco Systems (CSCO) .

Does Herman Miller have any subsidiaries?

The following companies are subsidiares of Herman Miller: Colebrook Bosson & Saunders Products Limited, Colebrook Bosson Saunders, Colebrook Bosson Saunders Pty. Ltd., Design Within Reach, Design Within Reach Inc., Geiger International Inc., HM Delaware LLC, HMI Liquidating Company, Hemiri S.A. de C.V., Herman Miller (Aust.) Proprietary Limited, Herman Miller (Ningbo) Furniture Co. Ltd., Herman Miller Asia (Pte.) Ltd., Herman Miller B.V., Herman Miller Canada Inc., Herman Miller Consumer Co., Herman Miller Consumer Corporation Canada, Herman Miller Finance Company (Hong Kong) LImited, Herman Miller Furniture (India) Pvt. Ltd., Herman Miller Global Customer Solutions (Hong Kong) Limited, Herman Miller Global Customer Solutions Inc., Herman Miller Global Holdings Luxembourg S.à r.l., Herman Miller Holdings Limited, Herman Miller International Finance Luxembourg S.à r.l., Herman Miller Japan Ltd., Herman Miller Korea LLC, Herman Miller Limited, Herman Miller Mexico S.A. de C.V., Herman Miller Servicios S. de R.L. de C.V., Herman Miller do Brasil Ltda., Herman Miller do Brasil Ltda., Knoll, Maars Living Walls, Maharam B.V., Maharam Fabric Corporation, Maharam Fabric Corporation, Meridian Incorporated, Milsure Insurance Ltd., Naught One Ltd., Naughtone (Holdings) Limited, Naughtone Manufacturing Ltd., Nemschoff, Nemschoff Inc., POSH Office Systems, POSH Office Systems (Hong Kong) Limited, and Sun Hing POSH Holdings Limited. Read More

Herman Miller Stock Price, News & Analysis (NASDAQ:MLHR)

Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: N/A
50-Day Range: $36.96
▼
$42.57
52-Week Range: N/A

Volume: 38,689 shs
Average Volume: 657,555 shs
Market Capitalization: $2.95 billion

P/E Ratio: 11.69
Dividend Yield: 1.93%
Price Target: N/A

Herman Miller MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.16
Upright™ Environmental Score
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.47 out of 5 stars

Business Services Sector

277th out of 309 stocks

Office Furniture Industry

2nd out of 2 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Herman Miller.

N/A

Short Interest

Short Interest
There is no current short interest data available for MLHR.

1.7

Dividend Strength

Dividend Yield
Herman Miller pays a meaningful dividend of 1.93%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Herman Miller does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Herman Miller is 22.52%. This payout ratio is at a healthy, sustainable level, below 75%.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Herman Miller has received a 27.65% net impact score from Upright. Herman Miller seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Workplace interior design services", "Storage furniture and equipment", and "Sofas " products. See details.
Environmental Sustainability
The Environmental Impact score for Herman Miller is -1.16.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Herman Miller this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Herman Miller insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.19% of the stock of Herman Miller is held by insiders.
Percentage Held by Institutions
94.60% of the stock of Herman Miller is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Herman Miller is 11.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Herman Miller is 11.69, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 28.91.

See Top Rated MarketRank™ Stocks Here

About Herman Miller Stock (NASDAQ:MLHR)

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. It operates through the following segments: North America Contract, International Contract, Retail, and Corporate. The North America Contract segment includes the operations associated with the design, manufacture, and sale of furniture and textile products for work-related settings throughout the United States and Canada. The International Contract segment covers operations in the Europe, Middle East, and Africa; Latin America; and Asia-Pacific geographic regions. The Retail segment focuses on the sale of modern design furnishings and accessories to third party retail distributors. The Corporate segment consists of unallocated expenses related to general corporate functions including certain legal, executive, corporate finance, information technology, administrative, and acquisition-related costs. The company was founded by Dirk Jan de Pree in 1905 and is headquartered in Zeeland, MI.

November 29, 2023 | msn.com

Studio 7.5 and Herman Miller co-create four cutting-edge office chairs

November 27, 2023 | msn.com

Herman Miller gaming chairs are 29% off with free shipping, including our favorite luxury chair

December 4, 2023 | DTI Trader (Ad)

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November 26, 2023 | yahoo.com

This is great! The iconic Herman Miller Aeron office chair has 25% off

November 24, 2023 | msn.com

I can't believe the iconic Herman Miller Aeron still has 25% off

November 17, 2023 | msn.com

Herman Miller Black Friday sale: Save 25% on the best gaming and office chairs you can buy

November 8, 2023 | finance.yahoo.com

Herman Miller expands OE1 Workspace Collection designed by Sam Hecht and Kim Colin of Industrial Facility

November 7, 2023 | finance.yahoo.com

Herman Miller and Design Within Reach (DWR) Bring 3D Product Visualization to Retail Sites

December 4, 2023 | Financial Alphas (Ad)

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October 26, 2023 | msn.com

Herman Miller x Logitech G Embody Review

September 26, 2023 | msn.com

Herman Miller is only making 250 of these gaming chairs

September 24, 2023 | msn.com

The Best Herman Miller Chairs for Gaming in 2023

September 21, 2023 | msn.com

Razer goes after the Herman Miller Aeron with its Fujin gaming chair

September 17, 2023 | foxnews.com

'Pee-wee Herman' actor Paul Reubens' cause of death revealed

September 16, 2023 | msn.com

Products of the Week: Vintage Herman Miller, Theraface and Todd Snyder’s First Sneaker

September 12, 2023 | markets.businessinsider.com

Herman Miller Introduces Fuld Nesting Chair Designed by Stefan Diez

September 7, 2023 | markets.businessinsider.com

Herman Miller Announces Launch of Herman Miller Vintage

August 24, 2023 | msn.com

This Herman Miller-style office chair is $300 off at Walmart

August 21, 2023 | msn.com

Herman Miller x Logitech Vantum Chair is the ’Best home office accessory’ winner of the iMore Readers' Choice Awards 2023

August 14, 2023 | thestreet.com

Herman Miller Stock Hits New 52-Week High (MLHR)

August 8, 2023 | washingtonpost.com

As Pee-wee Herman, Paul Reubens showed us it was okay to be weird

August 8, 2023 | stockhouse.com

Herman Miller's newly named Eames Turned Stool introduces a fourth shape designed by Charles and Ray Eames, and a new ebonized ash finish

August 8, 2023 | msn.com

Herman Miller Just Redesigned Its Iconic Eames Stool—and We’re Obsessed

August 5, 2023 | usatoday.com

Paul Reubens, Pee-wee Herman actor and comedian, dies at 70 after private cancer battle

August 5, 2023 | usatoday.com

Pee-wee Herman and the complications of talking about people after they die

July 29, 2023 | yahoo.com

Herman Miller Aeron review: does this design icon deserve the hype?

July 23, 2023 | nypost.com

Rangers agree to two-year deal with emerging defenseman K’Andre Miller

See More Headlines

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Company Calendar

Last Earnings: 9/28/2021
Today: 12/04/2023
Fiscal Year End: 5/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Office Furniture
Sub-Industry: Office Services & Supplies
Sector: Business Services
Current Symbol: NASDAQ:MLHR
CUSIP: 60054410
CIK: 66382
Web: www.hermanmiller.com
Phone: (616) 654-3000
Fax: 616-654-3632
Employees: 7,600
Year Founded: 1905

Profitability

EPS (Most Recent Fiscal Year): $3.33
Trailing P/E Ratio: 11.69
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $173.10 million
Net Margins: 1.47%
Pretax Margin: 2.35%
Return on Equity: 15.85%
Return on Assets: 5.94%

Debt

Debt-to-Equity Ratio: 0.88
Current Ratio: 1.41
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: $2.47 billion
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 8.01
Book Value: $19.47 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 75,774,000
Free Float: 74,872,000
Market Cap: $2.95 billion
Optionable: Optionable
Beta: 1.31

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Key Executives

Andrea R. Owen
President, Chief Executive Officer & Director
Richard Scott
Chief Manufacturing & Operations Officer
Jeffrey M. Stutz
Chief Financial Officer & Executive Vice President
Jeffrey L. Kurburski
Chief Technology Officer
Benedict Bruce Watson
Chief Creative Officer

Key Competitors

View All Competitors

MLHR Stock Analysis - Frequently Asked Questions

How were Herman Miller's earnings last quarter?: Herman Miller, Inc. (NASDAQ:MLHR) posted its earnings results on Tuesday, September, 28th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by $0.01. The business services provider earned $789.70 million during the quarter, compared to analysts' expectations of $648.20 million. Herman Miller had a net margin of 1.47% and a trailing twelve-month return on equity of 15.85%. Herman Miller's quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS.
Is Herman Miller a good dividend stock?: Herman Miller (NASDAQ:MLHR) pays an annual dividend of $0.75 per share and currently has a dividend yield of 1.93%. The dividend payout ratio is 22.52%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MLHR.
What is Andi Owen's approval rating as Herman Miller's CEO?: 54 employees have rated Herman Miller Chief Executive Officer Andi Owen on Glassdoor.com. Andi Owen has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Herman Miller own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Herman Miller investors own include AT&T (T), AbbVie (ABBV), Intel (INTC), Pfizer (PFE), Energy Transfer (ET), Verizon Communications (VZ), Medallion Financial (MFIN), Target (TGT), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).
Does Herman Miller have any subsidiaries?: The following companies are subsidiares of Herman Miller: Colebrook Bosson & Saunders Products Limited, Colebrook Bosson Saunders, Colebrook Bosson Saunders Pty. Ltd., Design Within Reach, Design Within Reach Inc., Geiger International Inc., HM Delaware LLC, HMI Liquidating Company, Hemiri S.A. de C.V., Herman Miller (Aust.) Proprietary Limited, Herman Miller (Ningbo) Furniture Co. Ltd., Herman Miller Asia (Pte.) Ltd., Herman Miller B.V., Herman Miller Canada Inc., Herman Miller Consumer Co., Herman Miller Consumer Corporation Canada, Herman Miller Finance Company (Hong Kong) LImited, Herman Miller Furniture (India) Pvt. Ltd., Herman Miller Global Customer Solutions (Hong Kong) Limited, Herman Miller Global Customer Solutions Inc., Herman Miller Global Holdings Luxembourg S.à r.l., Herman Miller Holdings Limited, Herman Miller International Finance Luxembourg S.à r.l., Herman Miller Japan Ltd., Herman Miller Korea LLC, Herman Miller Limited, Herman Miller Mexico S.A. de C.V., Herman Miller Servicios S. de R.L. de C.V., Herman Miller do Brasil Ltda., Herman Miller do Brasil Ltda., Knoll, Maars Living Walls, Maharam B.V., Maharam Fabric Corporation, Maharam Fabric Corporation, Meridian Incorporated, Milsure Insurance Ltd., Naught One Ltd., Naughtone (Holdings) Limited, Naughtone Manufacturing Ltd., Nemschoff, Nemschoff Inc., POSH Office Systems, POSH Office Systems (Hong Kong) Limited, and Sun Hing POSH Holdings Limited.
Read More

This page (NASDAQ:MLHR) was last updated on 12/4/2023 by MarketBeat.com Staff

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Herman Miller Stock Price, News & Analysis (NASDAQ:MLHR)