Knoll Inc (KNL) Expected to Post Earnings of $0.33 Per Share

Wall Street brokerages forecast that Knoll Inc (NYSE:KNL) will post earnings per share of $0.33 for the current quarter, Zacks reports. Two analysts have issued estimates for Knoll’s earnings, with estimates ranging from $0.31 to $0.34. Knoll posted earnings of $0.31 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is expected to report its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Knoll will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.69. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.90 per share, with EPS estimates ranging from $1.80 to $1.99. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Knoll.

Knoll (NYSE:KNL) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). Knoll had a return on equity of 21.94% and a net margin of 6.21%. The business had revenue of $316.10 million for the quarter, compared to analyst estimates of $302.07 million. During the same quarter last year, the firm posted $0.44 EPS. The company’s revenue was up 7.9% compared to the same quarter last year.

KNL has been the topic of a number of research reports. Zacks Investment Research downgraded Knoll from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. TheStreet raised Knoll from a “c+” rating to a “b-” rating in a research note on Friday, November 17th. Raymond James Financial raised Knoll from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $23.00 to $26.00 in a research note on Tuesday, December 26th. Finally, ValuEngine downgraded Knoll from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Knoll presently has an average rating of “Buy” and an average target price of $26.67.

Shares of Knoll (NYSE:KNL) opened at $20.40 on Friday. Knoll has a 12 month low of $16.57 and a 12 month high of $27.25. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1,019.57, a price-to-earnings ratio of 14.57 and a beta of 0.98.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Wednesday, March 14th. Knoll’s dividend payout ratio is presently 42.86%.

Several institutional investors and hedge funds have recently bought and sold shares of KNL. OxFORD Asset Management LLP bought a new stake in shares of Knoll in the 2nd quarter worth $275,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Knoll during the second quarter worth $300,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Knoll during the third quarter worth $301,000. SG Americas Securities LLC raised its position in shares of Knoll by 63.6% during the third quarter. SG Americas Securities LLC now owns 15,832 shares of the business services provider’s stock worth $317,000 after purchasing an additional 6,156 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Knoll during the fourth quarter worth $393,000. 91.05% of the stock is currently owned by institutional investors.

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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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