Herman Miller (MLHR) Posts Quarterly Earnings, Beats Estimates By $0.04 EPS
Herman Miller (NASDAQ:MLHR) posted its quarterly earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04, Stock Ratings Network.com reports. The company had revenue of $487.50 million for the quarter, compared to the consensus estimate of $496.57 million. During the same quarter in the previous year, the company posted $0.43 earnings per share.
Herman Miller (NASDAQ:MLHR) traded up 1.31% during mid-day trading on Wednesday, hitting $31.68. The stock had a trading volume of 446,728 shares. Herman Miller has a 52-week low of $24.77 and a 52-week high of $32.72. The stock’s 50-day moving average is $31.19 and its 200-day moving average is $29.79. The company’s market cap is $1.870 billion.
On a related note, analysts at Longbow Research upgraded shares of Herman Miller from a “neutral” rating to a “buy” rating in a research note on Friday, June 6th. They now have a $37.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $35.25.
Herman Miller, Inc researches, designs, manufactures, and distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world.
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