MillerKnoll (MLKN) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MillerKnoll in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research 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.
View MLKN analyst ratings or view top-rated stocks.

2 brokerages have issued 1 year price targets for MillerKnoll's shares. Their MLKN share price forecasts range from $25.00 to $25.00. On average, they predict the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
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MillerKnoll's stock was trading at $21.01 at the start of the year. Since then, MLKN shares have increased by 16.4% and is now trading at $24.45.
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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, Inc. (NASDAQ:MLKN) announced its quarterly earnings data 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 company had revenue of $917.70 million for the quarter, compared to analyst estimates of $895.90 million. MillerKnoll had a net margin of 0.84% and a trailing twelve-month return on equity of 9.41%. MillerKnoll's revenue was down 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS.

MillerKnoll announced a quarterly dividend on Tuesday, July 18th. Stockholders of record on Saturday, September 2nd will be given a dividend of $0.1875 per share on Monday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, August 31st.
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 (NASDAQ:MLKN) pays an annual dividend of $0.75 per share and currently has a dividend yield of 3.06%. 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.

MillerKnoll updated its second quarter 2024 earnings guidance on Tuesday, September, 26th. The company provided earnings per share 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 trades on the NASDAQ under the ticker symbol "MLKN."

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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One share of MLKN stock can currently be purchased for approximately $24.45.

MillerKnoll (NASDAQ:MLKN) has a market capitalization of $1.83 billion and generates $3.93 billion in revenue each year. The company earns $42.10 million in net income (profit) each year or $0.44 on an earnings per share basis.

The company employs 10,900 workers across the globe.

MillerKnoll's mailing address is 855 E Main Ave, Zeeland, Michigan 49464-0302. The official website for the company is www.hermanmiller.com. The company can be reached via phone at (616) 654-3000, via email at investor@hermanmiller.com, or via fax at 616-654-3632.