Herman Miller, Inc. (MLHR) Scheduled to Post Quarterly Earnings on Wednesday
Herman Miller, Inc. (NASDAQ:MLHR) is set to release its earnings data after the market closes on Wednesday, March 22nd. Analysts expect Herman Miller to post earnings of $0.32 per share for the quarter.
Shares of Herman Miller, Inc. (NASDAQ:MLHR) opened at 29.40 on Tuesday. Herman Miller, Inc. has a 1-year low of $26.99 and a 1-year high of $36.46. The company has a market cap of $1.76 billion, a PE ratio of 13.01 and a beta of 1.45. The company has a 50 day moving average of $30.70 and a 200 day moving average of $31.44.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Saturday, March 4th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $0.68 annualized dividend and a yield of 2.31%. Herman Miller’s dividend payout ratio (DPR) is presently 30.09%.
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In other news, EVP Donald D. Goeman sold 8,000 shares of the company’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $32.35, for a total value of $258,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas D. French sold 998 shares of the company’s stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $30.95, for a total transaction of $30,888.10. Following the completion of the sale, the director now directly owns 11,287 shares in the company, valued at $349,332.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,370 shares of company stock worth $427,279. 1.91% of the stock is owned by insiders.
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Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Herman Miller from a “hold” rating to a “sell” rating in a research report on Thursday, January 5th. Cann cut shares of Herman Miller from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 3rd. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Herman Miller in a research report on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Herman Miller presently has a consensus rating of “Hold” and a consensus target price of $34.00.
About Herman Miller
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