MillerKnoll (NASDAQ:MLKN) Issues Earnings Results

MillerKnoll (NASDAQ:MLKN) announced its earnings results on Wednesday. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01, Briefing.com reports. MillerKnoll had a net margin of 1.33% and a return on equity of 10.06%. The business had revenue of $872.30 million during the quarter, compared to analysts’ expectations of $909.55 million. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was down 11.4% on a year-over-year basis.

MillerKnoll Stock Up 1.8 %

Shares of MLKN stock opened at $30.53 on Thursday. MillerKnoll has a 12 month low of $13.20 and a 12 month high of $31.33. The stock has a market cap of $2.22 billion, a P/E ratio of 44.90, a P/E/G ratio of 1.21 and a beta of 1.31. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The company has a 50 day simple moving average of $28.76 and a two-hundred day simple moving average of $26.10.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Saturday, March 2nd will be issued a dividend of $0.1875 per share. The ex-dividend date is Thursday, February 29th. This represents a $0.75 dividend on an annualized basis and a yield of 2.46%. MillerKnoll’s dividend payout ratio is currently 110.30%.

Institutional Trading of MillerKnoll

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE purchased a new stake in shares of MillerKnoll in the first quarter worth $36,000. Quarry LP purchased a new stake in shares of MillerKnoll in the second quarter worth $39,000. International Assets Investment Management LLC increased its stake in shares of MillerKnoll by 1,117.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,330 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of MillerKnoll in the first quarter worth $41,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of MillerKnoll by 428.8% in the first quarter. Tower Research Capital LLC TRC now owns 2,168 shares of the company’s stock worth $44,000 after purchasing an additional 1,758 shares in the last quarter. 87.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of MillerKnoll from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 19th.

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.