Herman Miller (NASDAQ:MLHR) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.48-0.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.50. The company issued revenue guidance of $565 -585 million, compared to the consensus revenue estimate of $573.30 million.

A number of research firms recently weighed in on MLHR. Zacks Investment Research raised Herman Miller from a hold rating to a buy rating and set a $44.00 target price on the stock in a research report on Friday, December 29th. Raymond James Financial raised Herman Miller from a market perform rating to an outperform rating and set a $43.00 target price on the stock in a research report on Tuesday, December 26th. ValuEngine raised Herman Miller from a hold rating to a buy rating in a research report on Friday, February 2nd. Finally, BidaskClub raised Herman Miller from a sell rating to a hold rating in a research report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $41.67.

Shares of Herman Miller (NASDAQ:MLHR) opened at $36.70 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 1.33. The firm has a market capitalization of $2,249.57, a P/E ratio of 17.37 and a beta of 1.34. Herman Miller has a 1-year low of $28.55 and a 1-year high of $41.85.

Herman Miller (NASDAQ:MLHR) last released its quarterly earnings data on Wednesday, December 20th. The business services provider reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $604.60 million for the quarter, compared to the consensus estimate of $603.77 million. Herman Miller had a return on equity of 21.85% and a net margin of 5.36%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. equities research analysts predict that Herman Miller will post 2.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Saturday, March 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, March 1st. Herman Miller’s payout ratio is 35.64%.

In other Herman Miller news, VP Kevin J. Veltman sold 1,190 shares of Herman Miller stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $40.28, for a total transaction of $47,933.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen C. Gane sold 30,988 shares of Herman Miller stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $39.77, for a total value of $1,232,392.76. The disclosure for this sale can be found here. Insiders have sold 65,580 shares of company stock worth $2,533,019 over the last ninety days. Company insiders own 1.91% of the company’s stock.

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Herman Miller Company Profile

Herman Miller, Inc is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The Company’s segments include North American Furniture Solutions, which includes the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, across the United States and Canada; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America and Asia-Pacific geographic regions, among others; Specialty segment, which includes the design, manufacture and sale of furniture products and textiles, and Consumer segment, which includes the sale of modern design furnishings and accessories to third-party retail distributors.

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