MillerKnoll (MLKN) Scheduled to Post Earnings on Thursday

MillerKnoll (NASDAQ:MLKN) is set to post its quarterly earnings results after the market closes on Thursday, September 19th. Analysts expect MillerKnoll to post earnings of $0.42 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, June 26th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. MillerKnoll had a return on equity of 10.94% and a net margin of 2.27%. The business had revenue of $888.90 million during the quarter, compared to analysts’ expectations of $898.65 million. During the same period in the prior year, the business posted $0.41 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. On average, analysts expect MillerKnoll to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MillerKnoll Price Performance

MLKN opened at $26.37 on Thursday. The stock’s 50-day moving average price is $28.42 and its 200 day moving average price is $27.62. MillerKnoll has a 12-month low of $16.75 and a 12-month high of $31.73. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.01 and a beta of 1.18.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Saturday, August 31st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, August 30th. MillerKnoll’s payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.