Somewhat Positive News Coverage Somewhat Unlikely to Affect Herman Miller (NASDAQ:MLHR) Share Price
Press coverage about Herman Miller (NASDAQ:MLHR) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Herman Miller earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.3451358430346 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Herman Miller Inc (finance.yahoo.com)
- IHS Markit Score upgrades Herman Miller Inc to 34 out of 100, despite ranking positively in only one IHS Markit category. (finance.yahoo.com)
- Herman Miller, Inc. (NASDAQ:MLHR) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Herman Miller Inc is a negative sign for its shares (finance.yahoo.com)
MLHR has been the subject of a number of recent analyst reports. Zacks Investment Research raised Herman Miller from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, July 11th. Sidoti initiated coverage on Herman Miller in a research report on Tuesday, June 27th. They issued a “buy” rating and a $38.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.00.
Shares of Herman Miller (NASDAQ:MLHR) traded up 0.61% during mid-day trading on Friday, reaching $32.80. The company’s stock had a trading volume of 401,428 shares. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. Herman Miller has a 52 week low of $26.99 and a 52 week high of $36.46. The company’s 50-day moving average is $32.81 and its 200-day moving average is $31.79.
Herman Miller (NASDAQ:MLHR) last posted its earnings results on Wednesday, July 5th. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. Herman Miller had a return on equity of 22.94% and a net margin of 5.44%. The firm had revenue of $577.20 million for the quarter, compared to analyst estimates of $583.53 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. Herman Miller’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts predict that Herman Miller will post $2.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Saturday, September 2nd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from Herman Miller’s previous quarterly dividend of $0.17. Herman Miller’s dividend payout ratio is currently 33.17%.
In other Herman Miller news, insider Andrew J. Lock sold 19,247 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $33.47, for a total value of $644,197.09. Following the completion of the transaction, the insider now owns 24,354 shares in the company, valued at $815,128.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Hezron T. Lopez sold 2,312 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $33.96, for a total transaction of $78,515.52. The disclosure for this sale can be found here. Insiders sold 109,535 shares of company stock valued at $3,678,089 in the last 90 days. 1.91% of the stock is currently owned by insiders.
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Herman Miller Company Profile
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