MillerKnoll (NASDAQ:MLKN) Issues Quarterly Earnings Results

Posted by Defense World Staff on Jun 28th, 2024

MillerKnoll (NASDAQ:MLKN – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.14, Briefing.com reports. The business had revenue of $888.90 million for the quarter, compared to analysts’ expectations of $898.65 million. MillerKnoll had a return on equity of 10.89% and a net margin of 2.27%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS.

MillerKnoll Price Performance

MLKN stock opened at $26.42 on Friday. MillerKnoll has a 1 year low of $14.14 and a 1 year high of $31.33. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.59. The stock’s 50 day moving average price is $26.38 and its 200 day moving average price is $27.28. The firm has a market cap of $1.89 billion, a P/E ratio of 23.80, a PEG ratio of 0.95 and a beta of 1.26.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, May 31st. MillerKnoll’s payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a report on Thursday.

View Our Latest Report on MLKN

About MillerKnoll

(Get Free Report)

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.