MillerKnoll (MLKN) to Release Earnings on Wednesday

MillerKnoll (NASDAQ:MLKN) is scheduled to announce its earnings results after the market closes on Wednesday, June 26th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The company had revenue of $872.30 million during the quarter, compared to analyst estimates of $909.55 million. During the same period in the previous year, the firm earned $0.54 earnings per share. MillerKnoll’s quarterly revenue was down 11.4% compared to the same quarter last year. On average, analysts expect MillerKnoll to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MillerKnoll Price Performance

MLKN stock opened at $26.00 on Tuesday. The stock has a market cap of $1.86 billion, a PE ratio of 26.80, a P/E/G ratio of 0.91 and a beta of 1.26. MillerKnoll has a 12 month low of $13.99 and a 12 month high of $31.33. The company has a 50-day moving average price of $26.29 and a 200 day moving average price of $27.31. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Saturday, June 1st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.75 annualized dividend and a dividend yield of 2.88%. MillerKnoll’s dividend payout ratio (DPR) is 77.32%.

Analysts Set New Price Targets

Separately, StockNews.com cut MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.

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.