MillerKnoll (MLKN) Set to Announce Earnings on Thursday

MillerKnoll (NASDAQ:MLKN) will be releasing its earnings data after the market closes on Thursday, September 19th. Analysts expect MillerKnoll to post earnings of $0.42 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, June 26th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.13. The company had revenue of $888.90 million for the quarter, compared to analysts’ expectations of $898.65 million. MillerKnoll had a return on equity of 10.94% and a net margin of 2.27%. MillerKnoll’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, analysts expect MillerKnoll to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MillerKnoll Stock Up 0.6 %

Shares of NASDAQ:MLKN opened at $27.19 on Tuesday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 0.99 and a beta of 1.18. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.93. MillerKnoll has a 12-month low of $18.00 and a 12-month high of $31.73. The business’s 50 day moving average is $28.45 and its 200 day moving average is $27.53.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.75 annualized dividend and a yield of 2.76%. MillerKnoll’s dividend payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 3rd.

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.