MillerKnoll (NASDAQ:MLKN) Issues Earnings Results

MillerKnoll (NASDAQ:MLKN) posted 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. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The business had revenue of $970.40 million during the quarter, compared to the consensus estimate of $959.60 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year.

MillerKnoll Stock Down 3.8 %

MLKN stock traded down $0.96 during midday trading on Wednesday, reaching $24.33. 1,576,916 shares of the company were exchanged, compared to its average volume of 630,519. The stock’s 50-day simple moving average is $24.43 and its 200 day simple moving average is $26.19. MillerKnoll has a 1-year low of $22.35 and a 1-year high of $31.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. The company 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 Announces Dividend

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

Wall Street Analyst Weigh In

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.