MillerKnoll (NASDAQ:MLKN) Releases Quarterly Earnings Results

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

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN traded down $3.97 during trading hours on Friday, hitting $23.50. The stock had a trading volume of 4,420,338 shares, compared to its average volume of 640,806. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.92 and a current ratio of 1.53. MillerKnoll has a 1-year low of $19.10 and a 1-year high of $31.73. The stock’s fifty day simple moving average is $28.45 and its 200 day simple moving average is $27.47. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 0.99 and a beta of 1.18.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, August 30th. MillerKnoll’s payout ratio is 67.57%.

Analysts Set New Price Targets

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

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.