Knoll, Inc. (KNL) Expected to Announce Earnings of $0.35 Per Share

Equities research analysts expect Knoll, Inc. (NYSE:KNL) to announce earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Knoll’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.33. Knoll posted earnings per share of $0.44 during the same quarter last year, which indicates a negative year over year growth rate of 20.5%. The firm is scheduled to issue its next earnings results on Thursday, October 19th.

According to Zacks, analysts expect that Knoll will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.38. For the next fiscal year, analysts expect that the firm will report earnings of $1.62 per share, with EPS estimates ranging from $1.53 to $1.70. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Knoll.

Knoll (NYSE:KNL) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). Knoll had a net margin of 6.43% and a return on equity of 23.40%. The business had revenue of $268.70 million during the quarter, compared to analysts’ expectations of $284.65 million. During the same period in the previous year, the business earned $0.44 EPS. The business’s revenue was down 8.8% on a year-over-year basis.

KNL has been the subject of a number of recent analyst reports. Sidoti initiated coverage on Knoll in a research note on Wednesday, August 16th. They issued a “buy” rating and a $28.00 price objective for the company. TheStreet lowered Knoll from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Knoll from a “strong sell” rating to a “hold” rating in a research note on Monday, October 2nd. Raymond James Financial, Inc. raised Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Monday, August 28th. Finally, UBS AG raised Knoll from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $25.00.

Shares of Knoll (NYSE KNL) opened at 19.84 on Friday. The firm has a 50 day moving average price of $18.60 and a 200 day moving average price of $20.77. Knoll has a 12-month low of $16.57 and a 12-month high of $28.40. The stock has a market cap of $961.61 million, a PE ratio of 13.69 and a beta of 1.03.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, September 14th. Knoll’s payout ratio is presently 41.38%.

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In related news, Director Benjamin A. Pardo sold 2,200 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $19.45, for a total transaction of $42,790.00. Following the completion of the transaction, the director now directly owns 23,773 shares of the company’s stock, valued at $462,384.85. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in KNL. First Trust Advisors LP boosted its stake in Knoll by 301.2% during the first quarter. First Trust Advisors LP now owns 76,109 shares of the business services provider’s stock valued at $1,812,000 after buying an additional 57,139 shares during the last quarter. Swiss National Bank boosted its stake in Knoll by 2.1% during the first quarter. Swiss National Bank now owns 81,200 shares of the business services provider’s stock valued at $1,933,000 after buying an additional 1,700 shares during the last quarter. Karp Capital Management Corp bought a new position in Knoll during the first quarter valued at approximately $787,000. Sei Investments Co. boosted its stake in Knoll by 35.1% during the first quarter. Sei Investments Co. now owns 9,016 shares of the business services provider’s stock valued at $214,000 after buying an additional 2,343 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Knoll by 6.2% during the first quarter. Ameriprise Financial Inc. now owns 164,176 shares of the business services provider’s stock valued at $3,910,000 after buying an additional 9,547 shares during the last quarter. 90.68% of the stock is owned by institutional investors.

Knoll Company Profile

Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.

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