MillerKnoll (NASDAQ:MLKN) Releases Earnings Results, Misses Expectations By $0.04 EPS

Posted by Donald Scott on Sep 21st, 2024

MillerKnoll (NASDAQ:MLKN – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04), Briefing.com reports. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The firm had revenue of $861.50 million during the quarter, compared to analyst estimates of $889.38 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis.

MillerKnoll Stock Down 14.5 %

MLKN traded down $3.97 during trading on Friday, reaching $23.50. The company had a trading volume of 4,420,338 shares, compared to its average volume of 640,806. The business’s fifty day moving average price is $28.45 and its 200 day moving average price is $27.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.53 and a quick ratio of 0.92. MillerKnoll has a 12 month low of $19.10 and a 12 month high of $31.73. The company has a market cap of $1.68 billion, a P/E ratio of 21.17, a PEG ratio of 0.99 and a beta of 1.18.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Saturday, August 31st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.75 dividend on an annualized basis and a yield of 3.19%. MillerKnoll’s payout ratio is 67.57%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of MillerKnoll from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 3rd.

View Our Latest Stock Analysis on MLKN

MillerKnoll Company Profile

(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.