Wall Street analysts forecast that Knoll, Inc. (NYSE:KNL) will report sales of $284.65 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Knoll’s earnings, with estimates ranging from $279.50 million to $289.80 million. Knoll reported sales of $294.70 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.4%. The company is scheduled to report its next earnings report after the market closes on Thursday, July 27th.

According to Zacks, analysts expect that Knoll will report full-year sales of $284.65 million for the current year. For the next year, analysts expect that the company will post sales of $1.24 billion per share, with estimates ranging from $1.23 billion to $1.25 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Knoll.

Knoll (NYSE:KNL) last posted its earnings results on Monday, April 24th. The business services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. Knoll had a net margin of 7.02% and a return on equity of 26.34%. The company had revenue of $256.80 million for the quarter, compared to analysts’ expectations of $252.95 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Knoll’s revenue for the quarter was down 9.8% compared to the same quarter last year.

KNL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Knoll from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, June 21st. ValuEngine cut Knoll from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

Several hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System boosted its stake 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 last quarter. Principal Financial Group Inc. boosted its stake in shares of Knoll by 0.6% in the first quarter. Principal Financial Group Inc. now owns 28,153 shares of the business services provider’s stock worth $670,000 after buying an additional 166 shares during the last quarter. Strs Ohio boosted its stake in shares of Knoll by 6.0% in the second quarter. Strs Ohio now owns 8,800 shares of the business services provider’s stock worth $176,000 after buying an additional 500 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in shares of Knoll by 1.3% in the first quarter. Chicago Equity Partners LLC now owns 38,490 shares of the business services provider’s stock worth $916,000 after buying an additional 510 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake 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 last quarter. Institutional investors and hedge funds own 98.25% of the company’s stock.

Knoll (NYSE KNL) traded up 0.494% on Thursday, reaching $19.345. 82,970 shares of the company’s stock were exchanged. The company has a market capitalization of $937.59 million, a PE ratio of 11.875 and a beta of 0.99. Knoll has a 1-year low of $19.05 and a 1-year high of $28.40. The company has a 50 day moving average price of $20.14 and a 200-day moving average price of $22.98.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.12%. The ex-dividend date was Tuesday, June 13th. Knoll’s dividend payout ratio (DPR) is 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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