MillerKnoll (NASDAQ:MLKN) Posts Quarterly Earnings Results, Hits Expectations

MillerKnoll (NASDAQ:MLKN) issued its quarterly earnings results on Wednesday. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44, Briefing.com reports. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. During the same period in the prior year, the firm posted $0.45 EPS. The firm’s revenue was up .4% compared to the same quarter last year. MillerKnoll updated its Q4 guidance to $0.46-0.52 EPS and its FY25 guidance to $1.81-1.87 EPS.

MillerKnoll Trading Down 1.5 %

MLKN stock traded down $0.27 during mid-day 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 firm has a 50 day moving average of $21.35 and a 200 day moving average of $23.19. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll has a 12 month low of $16.99 and a 12 month high of $31.73. The company has a market capitalization of $1.25 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

MillerKnoll Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.