Knoll (KNL) Given Coverage Optimism Score of -0.09
News articles about Knoll (NYSE:KNL) have trended somewhat negative this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Knoll earned a media sentiment score of -0.09 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 85 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the immediate future.
Knoll (NYSE KNL) traded up 0.34% during mid-day trading on Wednesday, reaching $20.54. 190,842 shares of the company were exchanged. Knoll has a one year low of $20.37 and a one year high of $28.40. The stock has a 50 day moving average of $22.34 and a 200-day moving average of $24.36. The stock has a market capitalization of $995.51 million, a price-to-earnings ratio of 12.61 and a beta of 0.97.
Knoll (NYSE:KNL) last issued its quarterly earnings results on Monday, April 24th. The business services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. Knoll had a net margin of 7.02% and a return on equity of 26.34%. The business had revenue of $256.80 million for the quarter, compared to the consensus estimate of $252.95 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities analysts expect that Knoll will post $1.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, June 13th. Knoll’s dividend payout ratio is currently 36.81%.
A number of analysts recently weighed in on KNL shares. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday. ValuEngine lowered shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
In other Knoll news, insider Andrew B. Cogan sold 17,000 shares of Knoll stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $23.19, for a total transaction of $394,230.00. Following the transaction, the insider now owns 595,698 shares of the company’s stock, valued at $13,814,236.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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