Knoll, Inc. (KNL) Set to Announce Earnings on Wednesday
Knoll, Inc. (NYSE:KNL) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 18th. Analysts expect Knoll to post earnings of $0.46 per share for the quarter.
Knoll (NYSE:KNL) last announced its 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 return on equity of 23.40% and a net margin of 6.43%. The business had revenue of $268.70 million for the quarter, compared to analyst estimates of $284.65 million. During the same quarter last year, the company posted $0.44 EPS. Knoll’s quarterly revenue was down 8.8% on a year-over-year basis. On average, analysts expect Knoll to post $1.38 EPS for the current fiscal year and $1.62 EPS for the next fiscal year.
Shares of Knoll, Inc. (NYSE:KNL) opened at 19.92 on Wednesday. Knoll, Inc. has a 52 week low of $16.57 and a 52 week high of $28.40. The stock’s 50 day moving average is $18.70 and its 200 day moving average is $20.68. The firm has a market cap of $965.48 million, a P/E ratio of 13.75 and a beta of 1.02.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Thursday, September 14th. Knoll’s dividend payout ratio is presently 41.38%.
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A number of equities research analysts recently weighed in on KNL shares. Sidoti started coverage on shares of Knoll in a research report on Wednesday, August 16th. They set a “buy” rating and a $28.00 price objective for the company. TheStreet lowered shares of Knoll from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Knoll from a “strong sell” rating to a “hold” rating in a research note on Monday, October 2nd. Raymond James Financial, Inc. raised shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Monday, August 28th. Finally, UBS AG raised shares of 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 stock. The company presently has an average rating of “Buy” and a consensus target price of $25.00.
In other Knoll news, Director Benjamin A. Pardo sold 2,200 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were 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 approximately $462,384.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.
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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