MillerKnoll (NASDAQ:MLKN) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

MillerKnoll (NASDAQ:MLKN) announced its quarterly earnings results on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04), Briefing.com reports. MillerKnoll had a return on equity of 10.94% and a net margin of 2.27%. The firm had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $889.38 million. During the same period last year, the company posted $0.37 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis.

MillerKnoll Price Performance

NASDAQ:MLKN opened at $23.50 on Friday. The firm has a market cap of $1.68 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. The stock has a 50 day moving average of $28.45 and a two-hundred day moving average of $27.47. MillerKnoll has a 12 month low of $19.10 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.

MillerKnoll Announces Dividend

The company 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 $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, August 30th. MillerKnoll’s payout ratio is 67.57%.

Analysts Set New Price Targets

Separately, StockNews.com raised MillerKnoll from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 3rd.

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.