MillerKnoll (NASDAQ:MLKN) Announces Earnings Results

MillerKnoll (NASDAQ:MLKN) posted its quarterly earnings data on Tuesday. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.35 by $0.18, FiscalAI reports. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The firm had revenue of $923.40 million for the quarter, compared to the consensus estimate of $940.93 million.

MillerKnoll Trading Down 1.6%

MillerKnoll stock opened at $20.32 on Tuesday. MillerKnoll has a 1 year low of $13.77 and a 1 year high of $24.71. The firm’s 50 day moving average price is $22.52 and its 200-day moving average price is $18.88. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 0.90. The stock has a market cap of $1.40 billion, a P/E ratio of 15.39, a PEG ratio of 0.85 and a beta of 1.36.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. MillerKnoll’s dividend payout ratio (DPR) is presently 56.82%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MLKN. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Benchmark upgraded shares of MillerKnoll to a “hold” rating in a research note on Thursday, September 17th. Weiss Ratings raised shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About MillerKnoll

MillerKnoll, Inc is a global design company that develops, manufactures and sells furnishings and related products for workplace, healthcare, education, hospitality and residential environments. Its portfolio includes furniture for offices and homes, seating, desks, tables, storage systems, lighting, textiles and accessories, as well as products intended to support collaboration and flexible workspaces.

The company operates a collection of design-focused brands, including Herman Miller, Knoll, Design Within Reach, Muuto, HAY, Maharam and Geiger.