MillerKnoll (NASDAQ:MLKN) Issues Q2 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.51-0.57 for the period, compared to the consensus EPS estimate of $0.61. The company issued revenue guidance of $950-990 million, compared to the consensus revenue estimate of $948.13 million. MillerKnoll also updated its FY 2025 guidance to 2.200-2.200 EPS.

MillerKnoll Trading Down 14.5 %

NASDAQ:MLKN opened at $23.50 on Friday. MillerKnoll has a 52 week low of $19.10 and a 52 week high of $31.73. The firm has a 50-day moving average price of $28.45 and a two-hundred day moving average price of $27.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.92 and a current ratio of 1.53. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The business had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $889.38 million. During the same period in the previous year, the business posted $0.37 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. On average, equities analysts expect that MillerKnoll will post 2.21 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Saturday, August 31st will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.75 dividend on an annualized basis and a yield of 3.19%. MillerKnoll’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of MillerKnoll from a buy rating to a strong-buy rating in a research note on Saturday, August 3rd.

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.