MillerKnoll (NASDAQ:MLKN) Issues Q4 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.46-0.52 for the period, compared to the consensus EPS estimate of $0.77. The company issued revenue guidance of $910-950 million, compared to the consensus revenue estimate of $958.85 million. MillerKnoll also updated its FY25 guidance to $1.81-1.87 EPS.

MillerKnoll Trading Down 1.5 %

MillerKnoll stock traded down $0.27 during trading on Wednesday, reaching $18.34. The company had a trading volume of 1,557,228 shares, compared to its average volume of 575,022. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.89 and a beta of 1.22. MillerKnoll has a 12-month low of $16.99 and a 12-month high of $31.73. The stock’s 50 day moving average price is $21.35 and its two-hundred day moving average price is $23.19.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $876.20 million for the quarter, compared to analysts’ expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, equities analysts expect that MillerKnoll will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Friday, February 28th. MillerKnoll’s dividend payout ratio (DPR) is presently 82.42%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

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.