MillerKnoll Stock Price, News & Analysis (NASDAQ:MLKN)

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MillerKnoll in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MLKN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MLKN, but not buy additional shares or sell existing shares.
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1 brokers have issued twelve-month price targets for MillerKnoll's shares. Their MLKN share price targets range from $25.00 to $25.00. On average, they expect the company's share price to reach $25.00 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
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MillerKnoll's stock was trading at $21.01 at the beginning of the year. Since then, MLKN shares have increased by 30.7% and is now trading at $27.46.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 20th 2023.
View our MLKN earnings forecast.

MillerKnoll will be holding an earnings conference call on Wednesday, December 20th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

MillerKnoll, Inc. (NASDAQ:MLKN) announced its quarterly earnings results on Tuesday, September, 26th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. The business earned $917.70 million during the quarter, compared to analysts' expectations of $895.90 million. MillerKnoll had a trailing twelve-month return on equity of 9.41% and a net margin of 0.84%. The firm's revenue was down 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS.

MillerKnoll announced a quarterly dividend on Tuesday, October 17th. Stockholders of record on Saturday, December 2nd will be given a dividend of $0.1875 per share on Monday, January 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for MLKN.

MillerKnoll (NASDAQ:MLKN) pays an annual dividend of $0.75 per share and currently has a dividend yield of 2.81%. The dividend payout ratio is 170.45%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MLKN will have a dividend payout ratio of 28.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MLKN.

ETFs with the largest weight of MillerKnoll (NASDAQ:MLKN) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT), Invesco Nasdaq Future Gen 200 ETF (QQQS), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and WisdomTree U.S. SmallCap Dividend Fund (DES).First Trust Small Cap Core AlphaDEX Fund (FYX).

MillerKnoll issued an update on its second quarter 2024 earnings guidance on Tuesday, September, 26th. The company provided earnings per share (EPS) guidance of $0.52-$0.58 for the period, compared to the consensus EPS estimate of $0.51. The company issued revenue guidance of $950.00 million-$990.00 million, compared to the consensus revenue estimate of $983.80 million.

MillerKnoll's stock is owned by a number of institutional and retail investors. Top institutional investors include Scharf Investments LLC (6.94%), Fuller & Thaler Asset Management Inc. (5.82%), Invesco Ltd. (1.79%), Charles Schwab Investment Management Inc. (1.74%), Bank of New York Mellon Corp (1.63%) and William Blair Investment Management LLC (1.57%). Insiders that own company stock include Andrea Owen, Megan Lyon, Michael A Volkema and Richard Scott.
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Shares of MLKN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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