MillerKnoll (NASDAQ:MLKN) Updates FY25 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.10-2.30 for the period, compared to the consensus earnings per share estimate of $2.19. MillerKnoll also updated its FY 2025 guidance to 2.100-2.300 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of MillerKnoll from a buy rating to a strong-buy rating in a report on Thursday.

MillerKnoll Trading Up 0.3 %

Shares of MLKN stock opened at $26.49 on Friday. MillerKnoll has a 12-month low of $14.32 and a 12-month high of $31.33. The company has a market capitalization of $1.90 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.00 and a beta of 1.26. The firm has a 50-day moving average price of $26.40 and a 200 day moving average price of $27.27. The company has a quick ratio of 0.95, a current ratio of 1.54 and a debt-to-equity ratio of 0.93.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.14. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The firm had revenue of $888.90 million during the quarter, compared to the consensus estimate of $898.65 million. During the same period last year, the firm posted $0.41 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. Research analysts forecast that MillerKnoll will post 2.21 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, May 31st. MillerKnoll’s dividend payout ratio is currently 67.57%.

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.