MillerKnoll (MLKN) to Release Quarterly Earnings on Wednesday

MillerKnoll (NASDAQ:MLKN) is projected to issue its quarterly earnings data after the market closes on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $918.88 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm had revenue of $970.40 million during the quarter, compared to analysts’ expectations of $959.60 million. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect MillerKnoll to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MillerKnoll Trading Down 1.0 %

Shares of MillerKnoll stock opened at $19.05 on Wednesday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 0.89 and a beta of 1.22. MillerKnoll has a fifty-two week low of $18.86 and a fifty-two week high of $31.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The stock has a 50 day moving average of $21.63 and a 200 day moving average of $23.52.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a yield of 3.94%. MillerKnoll’s payout ratio is 82.42%.

Analyst Ratings Changes

Separately, StockNews.com upgraded MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

About MillerKnoll

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.