MillerKnoll (MLKN) Set to Announce Earnings on Wednesday

MillerKnoll (NASDAQ:MLKN) is scheduled to be announcing its earnings results after the market closes on Wednesday, June 26th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $872.30 million during the quarter, compared to the consensus estimate of $909.55 million. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, analysts expect MillerKnoll to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MillerKnoll Stock Performance

Shares of MLKN stock opened at $25.60 on Monday. The business has a fifty day moving average of $26.27 and a 200 day moving average of $27.32. MillerKnoll has a 1 year low of $13.99 and a 1 year high of $31.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.59 and a quick ratio of 0.95. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 0.91 and a beta of 1.26.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.75 annualized dividend and a yield of 2.93%. MillerKnoll’s dividend payout ratio (DPR) is presently 77.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.

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.