MillerKnoll (NASDAQ:MLKN) Announces Quarterly Earnings Results

MillerKnoll (NASDAQ:MLKN) announced its quarterly earnings data on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44, Briefing.com reports. The company had revenue of $876.20 million during the quarter, compared to analysts’ expectations of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS.

MillerKnoll Stock Down 1.5 %

Shares of NASDAQ:MLKN opened at $18.34 on Thursday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.89 and a beta of 1.22. 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 price of $21.28 and a 200-day moving average price of $23.16. MillerKnoll has a 52-week low of $17.83 and a 52-week high of $31.73.

MillerKnoll Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MLKN shares. StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Sidoti raised MillerKnoll to a “hold” rating in a research note on Tuesday.

MillerKnoll Company Profile

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.