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NASDAQ:MLHRHerman Miller Stock Price, Forecast & News

$22.31
-0.57 (-2.49 %)
(As of 07/6/2020 04:00 PM ET)
Add
Compare
Today's Range
$22.21
Now: $22.31
$23.83
50-Day Range
$20.62
MA: $24.24
$28.89
52-Week Range
$14.39
Now: $22.31
$49.87
Volume860,600 shs
Average Volume669,234 shs
Market Capitalization$1.31 billion
P/E RatioN/A
Dividend Yield3.77%
Beta1.59
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.49 billion
Cash Flow$6.11 per share
Book Value$10.94 per share

Profitability

Net Income$-9,100,000.00

Miscellaneous

Employees8,000
Market Cap$1.31 billion
Next Earnings Date9/16/2020 (Estimated)
OptionableOptionable

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Herman Miller (NASDAQ:MLHR) Frequently Asked Questions

How has Herman Miller's stock been impacted by COVID-19 (Coronavirus)?

Herman Miller's stock was trading at $26.39 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MLHR stock has decreased by 15.5% and is now trading at $22.31. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Herman Miller?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Herman Miller in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Herman Miller.

When is Herman Miller's next earnings date?

Herman Miller is scheduled to release its next quarterly earnings announcement on Wednesday, September 16th 2020. View our earnings forecast for Herman Miller.

How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) posted its quarterly earnings data on Tuesday, June, 30th. The business services provider reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.21. The business services provider had revenue of $475.70 million for the quarter, compared to analyst estimates of $446.47 million. Herman Miller had a positive return on equity of 19.90% and a negative net margin of 0.37%. Herman Miller's revenue for the quarter was down 29.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. View Herman Miller's earnings history.

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

Herman Miller announced a quarterly dividend on Wednesday, January 29th. Investors of record on Saturday, February 29th will be given a dividend of $0.21 per share on Wednesday, April 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, February 27th. View Herman Miller's dividend history.

What price target have analysts set for MLHR?

3 equities research analysts have issued 1-year price objectives for Herman Miller's shares. Their forecasts range from $33.00 to $33.00. On average, they expect Herman Miller's share price to reach $33.00 in the next year. This suggests a possible upside of 47.9% from the stock's current price. View analysts' price targets for Herman Miller.

Has Herman Miller been receiving favorable news coverage?

Media coverage about MLHR stock has been trending negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Herman Miller earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Herman Miller.

Are investors shorting Herman Miller?

Herman Miller saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,970,000 shares, a drop of 5.3% from the June 15th total of 2,080,000 shares. Based on an average daily trading volume, of 659,200 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.4% of the company's stock are sold short. View Herman Miller's Current Options Chain.

Who are some of Herman Miller's key competitors?

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 Energy Transfer LP Unit (ET), AbbVie (ABBV), Medallion Financial (MFIN), AT&T (T), Cisco Systems (CSCO), Ford Motor (F), Intel (INTC), Altria Group (MO), Pfizer (PFE) and IBM (IBM).

Who are Herman Miller's key executives?

Herman Miller's management team includes the following 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)

What is Herman Miller's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Herman Miller's stock price today?

One share of MLHR stock can currently be purchased for approximately $22.31.

How big of a company is Herman Miller?

Herman Miller has a market capitalization of $1.31 billion and generates $2.49 billion in revenue each year. Herman Miller employs 8,000 workers across the globe.

What is Herman Miller's official website?

The official website for Herman Miller is 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]

This page was last updated on 7/6/2020 by MarketBeat.com Staff

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