MillerKnoll (NASDAQ:MLKN) Issues FY25 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.10-2.30 for the period, compared to the consensus EPS estimate of $2.19.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded MillerKnoll from a strong-buy rating to a buy rating in a report on Thursday, March 28th.

MillerKnoll Stock Performance

Shares of MLKN traded up $0.51 during trading hours on Wednesday, hitting $26.15. The company had a trading volume of 993,219 shares, compared to its average volume of 698,798. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 0.93 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93. MillerKnoll has a 12 month low of $14.00 and a 12 month high of $31.33. The business has a fifty day moving average of $26.31 and a 200-day moving average of $27.29.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The business had revenue of $872.30 million for the quarter, compared to the consensus estimate of $909.55 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. Equities analysts anticipate that MillerKnoll will post 1.94 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders 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 yield of 2.87%. MillerKnoll’s dividend payout ratio is currently 77.32%.

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.