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

MillerKnoll (NASDAQ:MLKNGet Free Report) posted 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. The firm had revenue of $876.20 million during 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 business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $20.30 on Friday. The firm has a market cap of $1.38 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. MillerKnoll has a 52 week low of $17.83 and a 52 week high of $31.73. The business’s fifty day simple moving average is $21.26 and its 200-day simple moving average is $23.14.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a yield of 3.69%. MillerKnoll’s dividend payout ratio (DPR) is 82.42%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MLKN. StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Sidoti upgraded shares of MillerKnoll to a “hold” rating in a research report on Tuesday.

Get Our Latest Analysis on MillerKnoll

About MillerKnoll

(Get Free Report)

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.

Further Reading

Earnings History for MillerKnoll (NASDAQ:MLKN)

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