MillerKnoll (NASDAQ:MLKN) Releases FY 2027 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.850-2.150 for the period, compared to the consensus earnings per share estimate of 2.000. The company issued revenue guidance of $3.9 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion. MillerKnoll also updated its Q1 2027 guidance to 0.330-0.390 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MillerKnoll in a report on Friday, April 24th. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

MillerKnoll Stock Performance

MLKN traded up $1.18 on Wednesday, reaching $17.24. The company had a trading volume of 1,130,858 shares, compared to its average volume of 749,348. MillerKnoll has a fifty-two week low of $13.77 and a fifty-two week high of $23.18. The stock has a market cap of $1.18 billion, a P/E ratio of 123.14, a P/E/G ratio of 0.66 and a beta of 1.41. The company’s fifty day moving average is $15.85 and its 200 day moving average is $17.71. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.64.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $973.87 million. MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. As a group, analysts predict that MillerKnoll will post 1.83 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Saturday, May 30th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, May 29th. MillerKnoll’s payout ratio is presently 535.71%.

Hedge Funds Weigh In On MillerKnoll

A number of hedge funds have recently added to or reduced their stakes in MLKN. Osaic Holdings Inc. increased its holdings in MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after buying an additional 519 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of MillerKnoll during the 3rd quarter worth approximately $72,000. Canada Pension Plan Investment Board bought a new stake in shares of MillerKnoll during the 2nd quarter worth approximately $82,000. Rexford Capital Inc. boosted its position in shares of MillerKnoll by 17.0% during the 4th quarter. Rexford Capital Inc. now owns 5,500 shares of the company’s stock worth $101,000 after acquiring an additional 800 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of MillerKnoll by 21.1% during the 4th quarter. Royal Bank of Canada now owns 6,446 shares of the company’s stock worth $118,000 after acquiring an additional 1,123 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

About MillerKnoll

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.