MillerKnoll (NASDAQ:MLKN) Updates FY25 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.81-1.87 for the period, compared to the consensus earnings per share estimate of $2.12. The company issued revenue guidance of $3.618-3.658 billion, compared to the consensus revenue estimate of $3.71 billion. MillerKnoll also updated its Q4 guidance to $0.46-0.52 EPS.

Analysts Set New Price Targets

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

MillerKnoll Trading Down 1.5 %

MLKN traded down $0.27 during trading on Wednesday, hitting $18.34. The company’s stock had a trading volume of 1,557,228 shares, compared to its average volume of 575,022. The firm has a market capitalization of $1.25 billion, a P/E ratio of 20.15, a PEG ratio of 0.89 and a beta of 1.22. MillerKnoll has a twelve month low of $16.99 and a twelve month high of $31.73. The stock’s fifty day moving average price is $21.35 and its 200-day moving average price is $23.19. 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 (NASDAQ:MLKN) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $876.20 million during the quarter, compared to analysts’ expectations of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share. Analysts anticipate that MillerKnoll will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

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

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.