MillerKnoll (NASDAQ:MLKN) Issues Q3 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.41-0.47 for the period, compared to the consensus estimate of $0.56. The company issued revenue guidance of $903-943 million, compared to the consensus revenue estimate of $927.05 million. MillerKnoll also updated its FY 2025 guidance to 2.110-2.170 EPS.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $24.33 on Thursday. MillerKnoll has a fifty-two week low of $22.35 and a fifty-two week high of $31.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. The company has a 50 day moving average price of $24.43 and a 200 day moving average price of $26.18. The stock has a market capitalization of $1.68 billion, a P/E ratio of 27.97, a PEG ratio of 0.96 and a beta of 1.20.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $970.40 million during the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. Equities research analysts forecast that MillerKnoll will post 2.17 EPS for the current year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, November 29th. This represents a $0.75 dividend on an annualized basis and a yield of 3.08%. MillerKnoll’s dividend payout ratio (DPR) is presently 86.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th.

About MillerKnoll

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.