MillerKnoll (NASDAQ:MLKN) Updates FY25 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $2.10-2.30 for the period, compared to the consensus EPS estimate of $2.19.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut MillerKnoll from a strong-buy rating to a buy rating in a research report on Thursday, March 28th.

MillerKnoll Stock Performance

NASDAQ:MLKN traded up $0.51 during mid-day trading on Wednesday, reaching $26.15. The stock had a trading volume of 993,219 shares, compared to its average volume of 698,798. 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 business has a 50 day simple moving average of $26.31 and a 200 day simple moving average of $27.29. MillerKnoll has a twelve month low of $14.00 and a twelve month high of $31.33. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 0.93 and a beta of 1.26.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The firm had revenue of $872.30 million during the quarter, compared to analysts’ expectations of $909.55 million. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, analysts expect that MillerKnoll will post 1.94 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Friday, May 31st. MillerKnoll’s dividend payout ratio is presently 77.32%.

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.