MillerKnoll (NASDAQ:MLKN) Issues FY 2027 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its FY 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.850-2.150 for the period, compared to the consensus EPS estimate of 2.020. The company issued revenue guidance of $3.9 billion-$4.0 billion, compared to the consensus revenue estimate of $4.0 billion. MillerKnoll also updated its Q2 2027 guidance to 0.430-0.490 EPS.

MillerKnoll Stock Down 1.2%

Shares of MLKN opened at $20.04 on Thursday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.65. The business’s fifty day moving average price is $22.50 and its two-hundred day moving average price is $18.88. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $24.71.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Tuesday, September 22nd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.18. The business had revenue of $923.40 million during the quarter, compared to analysts’ expectations of $940.93 million. MillerKnoll had a net margin of 2.57% and a return on equity of 10.10%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. On average, analysts predict that MillerKnoll will post 2.02 earnings per share for the current year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. MillerKnoll’s dividend payout ratio (DPR) is currently 56.82%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MLKN. Weiss Ratings raised MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Benchmark upgraded MillerKnoll to a “hold” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Key Headlines Impacting MillerKnoll

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: Adjusted EPS of $0.53 exceeded the $0.35 analyst consensus and rose from $0.45 a year earlier, indicating effective cost control and stronger profitability. MillerKnoll Surpasses Q1 Earnings Estimates
• Positive Sentiment: Management highlighted margin expansion, disciplined expense management and execution as factors that offset softer demand. The earnings beat and maintained ability to generate cash could support the stock’s valuation. MillerKnoll Shines Despite Revenue Headwinds
• Neutral Sentiment: For fiscal 2027, MillerKnoll issued an EPS range of $1.85 to $2.15, broadly bracketing the $2.02 consensus. Second-quarter EPS guidance of $0.43 to $0.49 was also close to expectations of $0.46. MillerKnoll Releases FY 2027 Earnings Guidance
• Negative Sentiment: Quarterly revenue declined 3.4% year over year to $923.4 million and fell short of the $940.9 million consensus. The revenue miss suggests continued demand pressure across MillerKnoll’s markets. MillerKnoll Q1 2027 EPS Tops Expectations, Revenue Down 3%
• Negative Sentiment: Management forecast fiscal 2027 revenue of $3.9 billion to $4.0 billion, below or at the low end of the roughly $4.0 billion consensus, effectively lowering sales expectations. This softer outlook appears to be the main reason investors are discounting the earnings beat. MillerKnoll Fiscal Q1 Adjusted Earnings Rise, Net Sales Fall

MillerKnoll Company Profile

MillerKnoll, Inc is a global design company that develops, manufactures and sells furnishings and related products for workplace, healthcare, education, hospitality and residential environments. Its portfolio includes furniture for offices and homes, seating, desks, tables, storage systems, lighting, textiles and accessories, as well as products intended to support collaboration and flexible workspaces.

The company operates a collection of design-focused brands, including Herman Miller, Knoll, Design Within Reach, Muuto, HAY, Maharam and Geiger.