NASDAQ:MLHR - Herman Miller Stock Price, News, & Analysis

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$33.93 -0.51 (-1.48 %)
(As of 01/22/2019 10:48 AM ET)
Previous Close$34.44
Today's Range$33.85 - $34.29
52-Week Range$28.66 - $41.85
Volume410 shs
Average Volume300,340 shs
Market Capitalization$2.03 billion
P/E Ratio14.74
Dividend Yield2.29%
Beta1.42
Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services in the United States and internationally. The company provides modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Say, Verus, Celle, Equa, Taper, and Ergon names; and storage products under the Meridian and Tu names. It also offers wood casegoods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; and healthcare products under the Palisade, Compass, Nala, Ava, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions and textiles, and data analytics solutions. In addition, the company provides products for residential settings under the Eames, Nelson, Bubble Lamps, Airia, Ardea, Bumper, Burdick Group, Everywhere tables, Claw, Caper, Distil, Envelope, Formwork, Full Round, H Frame, I Beam, Landmark, Logic Mini, Logic Power Access Solutions, Renew, Rolled Arm, Scissor, Sled, Soft Pad, Swoop, Tone, Twist, Ward Bennett, and Wireframe names. Its products are used in institutional environments, including offices and related conference, lobby, and lounge areas, as well as general public areas, such as transportation terminals; health/science environments comprising hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. The company markets its products through its sales staff, own dealer network, independent dealers and retailers, and independent contract office furniture dealers, as well as through e-commerce Website. Herman Miller, Inc. was founded in 1905 and is headquartered in Zeeland, Michigan.

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Industry, Sector and Symbol

Industry Office furniture
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
Current SymbolNASDAQ:MLHR
CUSIP60054410
Phone616-654-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.38 billion
Cash Flow$3.3998 per share
Book Value$11.15 per share

Profitability

Net Income$128.10 million

Miscellaneous

Employees7,681
Market Cap$2.03 billion
OptionableOptionable

Herman Miller (NASDAQ:MLHR) Frequently Asked Questions

What is Herman Miller's stock symbol?

Herman Miller trades on the NASDAQ under the ticker symbol "MLHR."

How often does Herman Miller pay dividends? What is the dividend yield for Herman Miller?

Herman Miller declared a quarterly dividend on Wednesday, October 17th. Stockholders of record on Saturday, December 1st will be given a dividend of $0.1975 per share on Tuesday, January 15th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, November 29th. View Herman Miller's Dividend History.

How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) announced its quarterly earnings results on Wednesday, December, 19th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.72 by $0.03. The business services provider had revenue of $652.60 million for the quarter, compared to analyst estimates of $645.67 million. Herman Miller had a net margin of 5.53% and a return on equity of 23.25%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. View Herman Miller's Earnings History.

When is Herman Miller's next earnings date?

Herman Miller is scheduled to release their next quarterly earnings announcement on Wednesday, March 20th 2019. View Earnings Estimates for Herman Miller.

What guidance has Herman Miller issued on next quarter's earnings?

Herman Miller issued an update on its third quarter earnings guidance on Wednesday, December, 19th. The company provided earnings per share guidance of $0.59-0.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $615-630 million, compared to the consensus revenue estimate of $604.30 million.Herman Miller also updated its Q3 2019 guidance to $0.59-0.63 EPS.

What price target have analysts set for MLHR?

1 Wall Street analysts have issued twelve-month price objectives for Herman Miller's stock. Their forecasts range from $40.00 to $40.00. On average, they anticipate Herman Miller's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price. View Analyst Price Targets for Herman Miller.

What is the consensus analysts' recommendation for Herman Miller?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Herman Miller in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Herman Miller.

Has Herman Miller been receiving favorable news coverage?

Headlines about MLHR stock have been trending very positive this week, according to InfoTrie. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Herman Miller earned a news impact score of 3.2 on InfoTrie's scale. They also gave media coverage about the business services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Who are some of Herman Miller's key competitors?

Who are Herman Miller's key executives?

Herman Miller's management team includes the folowing people:
  • Mr. Jeffrey M. Stutz, Exec. VP & CFO (Age 48)
  • Mr. B. Ben Watson, Chief Creative Officer (Age 54)
  • Mr. Gregory J. Bylsma, Pres of North America Contract (Age 54)
  • Ms. Andrea Owen, Pres, CEO & Director (Age 54)
  • Mr. Jeffrey L. Kurburski, Chief Information Officer (Age 53)

Who are Herman Miller's major shareholders?

Herman Miller's stock is owned by many different of retail and institutional investors. Top institutional investors include BTIM Corp. (0.60%), Meeder Asset Management Inc. (0.04%), Louisiana State Employees Retirement System (0.03%) and Fox Run Management L.L.C. (0.01%). Company insiders that own Herman Miller stock include Andrew J Lock, Brian C Walker, Bruce Benedict Watson, David O Ulrich, Donald D Goeman, Douglas D French, Gregory J Bylsma, Hezron T Lopez, J Barry Griswell, Jeremy J Hocking, Kevin J Veltman, Michael F Ramirez and Stephen C Gane. View Institutional Ownership Trends for Herman Miller.

Which institutional investors are selling Herman Miller stock?

MLHR stock was sold by a variety of institutional investors in the last quarter, including BTIM Corp. and Louisiana State Employees Retirement System. Company insiders that have sold Herman Miller company stock in the last year include Andrew J Lock, Brian C Walker, Douglas D French, Gregory J Bylsma, Hezron T Lopez, Jeremy J Hocking, Kevin J Veltman and Stephen C Gane. View Insider Buying and Selling for Herman Miller.

Which institutional investors are buying Herman Miller stock?

MLHR stock was acquired by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C. and Meeder Asset Management Inc.. View Insider Buying and Selling for Herman Miller.

How do I buy shares of Herman Miller?

Shares of MLHR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Herman Miller's stock price today?

One share of MLHR stock can currently be purchased for approximately $33.8450.

How big of a company is Herman Miller?

Herman Miller has a market capitalization of $2.03 billion and generates $2.38 billion in revenue each year. The business services provider earns $128.10 million in net income (profit) each year or $2.30 on an earnings per share basis. Herman Miller employs 7,681 workers across the globe.

What is Herman Miller's official website?

The official website for Herman Miller is http://www.hermanmiller.com.

How can I contact Herman Miller?

Herman Miller's mailing address is 855 E MAIN AVE, ZEELAND MI, 49464. The business services provider can be reached via phone at 616-654-3000 or via email at [email protected]


MarketBeat Community Rating for Herman Miller (NASDAQ MLHR)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  165 (Vote Outperform)
Underperform Votes:  224 (Vote Underperform)
Total Votes:  389
MarketBeat's community ratings are surveys of what our community members think about Herman Miller and other stocks. Vote "Outperform" if you believe MLHR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MLHR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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