Knoll, Inc. (KNL) Expected to Post Earnings of $0.37 Per Share
Analysts forecast that Knoll, Inc. (NYSE:KNL) will announce $0.37 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Knoll’s earnings, with estimates ranging from $0.33 to $0.40. Knoll reported earnings of $0.44 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 15.9%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, July 27th.
On average, analysts expect that Knoll will report full year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.65 to $1.69. For the next fiscal year, analysts anticipate that the company will report earnings of $1.89 per share, with EPS estimates ranging from $1.89 to $1.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Knoll.
Knoll (NYSE:KNL) last announced its quarterly earnings results on Monday, April 24th. The business services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Knoll had a return on equity of 26.34% and a net margin of 7.02%. The company had revenue of $256.80 million during the quarter, compared to analyst estimates of $252.95 million. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis.
KNL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Knoll from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. ValuEngine lowered Knoll from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
In other Knoll news, insider Andrew B. Cogan sold 17,000 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $23.19, for a total value of $394,230.00. Following the completion of the transaction, the insider now owns 595,698 shares in the company, valued at $13,814,236.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System boosted its position in shares of Knoll by 2.4% in the first quarter. New York State Teachers Retirement System now owns 4,300 shares of the business services provider’s stock worth $102,000 after buying an additional 100 shares during the period. Quantbot Technologies LP boosted its position in shares of Knoll by 1,808.0% in the first quarter. Quantbot Technologies LP now owns 7,193 shares of the business services provider’s stock worth $171,000 after buying an additional 6,816 shares during the period. Sei Investments Co. boosted its position in shares of Knoll by 35.1% in the first quarter. Sei Investments Co. now owns 9,016 shares of the business services provider’s stock worth $214,000 after buying an additional 2,343 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Knoll during the first quarter worth $251,000. Finally, Wedbush Securities Inc. boosted its position in shares of Knoll by 15.7% in the first quarter. Wedbush Securities Inc. now owns 10,700 shares of the business services provider’s stock worth $255,000 after buying an additional 1,450 shares during the period. Hedge funds and other institutional investors own 98.25% of the company’s stock.
Knoll (NYSE:KNL) traded down 0.88% during midday trading on Tuesday, hitting $19.14. The stock had a trading volume of 62,161 shares. Knoll has a 12-month low of $19.05 and a 12-month high of $28.40. The firm has a 50-day moving average of $20.44 and a 200-day moving average of $23.23. The company has a market cap of $927.66 million, a PE ratio of 11.75 and a beta of 1.00.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.60 annualized dividend and a yield of 3.11%. Knoll’s dividend payout ratio is presently 36.81%.
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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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