MillerKnoll (NASDAQ:MLKN) Announces Earnings Results

MillerKnoll (NASDAQ:MLKN) released its quarterly earnings results on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.14, Briefing.com reports. MillerKnoll had a net margin of 2.27% and a return on equity of 10.89%. The company 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 company earned $0.41 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $26.42 on Friday. MillerKnoll has a 12-month low of $14.14 and a 12-month high of $31.33. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.89 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 0.95 and a beta of 1.26. The firm has a 50-day moving average price of $26.38 and a 200 day moving average price of $27.28.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, May 31st. MillerKnoll’s dividend payout ratio (DPR) is presently 67.57%.

Analysts Set New Price Targets

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

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.