MillerKnoll (NASDAQ:MLKN) Updates FY25 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.81-1.87 for the period, compared to the consensus earnings per share estimate of $2.12. The company issued revenue guidance of $3.618-3.658 billion, compared to the consensus revenue estimate of $3.71 billion. MillerKnoll also updated its FY 2025 guidance to 1.810-1.870 EPS.

MillerKnoll Stock Performance

Shares of NASDAQ MLKN traded down $0.27 during midday trading on Wednesday, reaching $18.34. 1,593,418 shares of the stock were exchanged, compared to its average volume of 575,067. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.89 and a beta of 1.22. The firm has a 50-day simple moving average of $21.35 and a two-hundred day simple moving average of $23.19. MillerKnoll has a twelve month low of $16.99 and a twelve month high of $31.73.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. As a group, analysts anticipate that MillerKnoll will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.09%. MillerKnoll’s dividend payout ratio is currently 82.42%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research note 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.