Herman Miller (NASDAQ:MLHR) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, December 19th. Analysts expect Herman Miller to post earnings of $0.56 per share for the quarter.

Herman Miller (NASDAQ:MLHR) last posted its earnings results on Thursday, September 21st. The business services provider reported $0.57 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.57. Herman Miller had a return on equity of 22.02% and a net margin of 5.34%. The company had revenue of $580.30 million during the quarter, compared to the consensus estimate of $578.27 million. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect Herman Miller to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Herman Miller (NASDAQ:MLHR) opened at $34.80 on Tuesday. Herman Miller has a twelve month low of $28.55 and a twelve month high of $37.00. The company has a current ratio of 1.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2,044.42, a price-to-earnings ratio of 15.98 and a beta of 1.48.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Saturday, December 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 30th. Herman Miller’s dividend payout ratio is currently 36.00%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Herman Miller from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine raised Herman Miller from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, BidaskClub downgraded Herman Miller from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.00.

In related news, SVP Stephen C. Gane sold 10,686 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $36.01, for a total value of $384,802.86. Following the completion of the transaction, the senior vice president now owns 21,985 shares of the company’s stock, valued at $791,679.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David O. Ulrich sold 13,382 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $32.38, for a total value of $433,309.16. Following the completion of the transaction, the director now directly owns 21,949 shares of the company’s stock, valued at approximately $710,708.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,789 shares of company stock valued at $2,955,741. 1.91% of the stock is owned by insiders.

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Herman Miller Company Profile

Earnings History for Herman Miller (NASDAQ:MLHR)

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