MillerKnoll (NASDAQ:MLKN) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

MillerKnoll (NASDAQ:MLKN) issued its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01, Zacks reports. The company had revenue of $970.40 million for the quarter, compared to analysts’ expectations of $959.60 million. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. MillerKnoll’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share.

MillerKnoll Trading Down 3.8 %

MLKN opened at $24.33 on Thursday. MillerKnoll has a twelve month low of $22.35 and a twelve month high of $31.73. The company has a fifty day moving average of $24.43 and a 200-day moving average of $26.18. The stock has a market cap of $1.68 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio is currently 86.21%.

Analyst Ratings Changes

Separately, StockNews.com downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research 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.