MillerKnoll (NASDAQ:MLKN) Releases Quarterly Earnings Results

MillerKnoll (NASDAQ:MLKN) released its quarterly earnings results on Wednesday. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01, Zacks reports. The business had revenue of $970.40 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN traded down $0.96 on Wednesday, reaching $24.33. 1,576,916 shares of the company were exchanged, compared to its average volume of 630,519. The company has a 50-day moving average of $24.43 and a 200-day moving average of $26.19. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. MillerKnoll has a 1-year low of $22.35 and a 1-year high of $31.73.

MillerKnoll Dividend Announcement

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

Analysts Set New Price Targets

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

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.