Knoll Inc (KNL) Expected to Post Quarterly Sales of $286.35 Million

Analysts expect Knoll Inc (NYSE:KNL) to report $286.35 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Knoll’s earnings, with the lowest sales estimate coming in at $266.00 million and the highest estimate coming in at $306.70 million. Knoll posted sales of $256.82 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.5%. The firm is expected to report its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Knoll will report full year sales of $286.35 million for the current fiscal year, with estimates ranging from $1.19 billion to $1.27 billion. For the next year, analysts expect that the business will post sales of $1.28 billion per share, with estimates ranging from $1.24 billion to $1.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Knoll.

Knoll (NYSE:KNL) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). The business had revenue of $316.10 million for the quarter, compared to analyst estimates of $302.07 million. Knoll had a net margin of 7.08% and a return on equity of 20.51%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share.

KNL has been the topic of several analyst reports. TheStreet upgraded shares of Knoll from a “c+” rating to a “b-” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Knoll from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 28th. ValuEngine cut shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Raymond James Financial upgraded shares of Knoll from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $26.00 in a report on Tuesday, December 26th. One 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 company’s stock. The stock has an average rating of “Buy” and an average target price of $26.67.

Knoll (NYSE:KNL) opened at $20.40 on Monday. The stock has a market cap of $1,006.74, a PE ratio of 15.11 and a beta of 0.98. Knoll has a twelve month low of $16.57 and a twelve month high of $27.25. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.94%. The ex-dividend date is Wednesday, March 14th. Knoll’s dividend payout ratio (DPR) is presently 36.81%.

A number of institutional investors have recently added to or reduced their stakes in KNL. OxFORD Asset Management LLP purchased a new position in Knoll during the second quarter worth about $275,000. Dynamic Technology Lab Private Ltd purchased a new position in Knoll during the second quarter worth about $300,000. Stoneridge Investment Partners LLC purchased a new position in Knoll during the third quarter worth about $301,000. SG Americas Securities LLC boosted its holdings in 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 last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Knoll in the fourth quarter valued at about $393,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

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About Knoll

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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