Knoll Inc (KNL) to Post FY2018 Earnings of $1.80 Per Share, Seaport Global Securities Forecasts

Knoll Inc (NYSE:KNL) – Seaport Global Securities boosted their FY2018 earnings estimates for shares of Knoll in a research note issued to investors on Sunday. Seaport Global Securities analyst M. Mccall now forecasts that the business services provider will post earnings of $1.80 per share for the year, up from their prior forecast of $1.62.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Knoll from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Raymond James Financial raised shares of Knoll from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $26.00 in a report on Tuesday, December 26th. Finally, TheStreet raised shares of Knoll from a “c+” rating to a “b-” rating in a report on Friday, November 17th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $26.67.

Shares of Knoll (KNL) traded up $0.12 during mid-day trading on Wednesday, reaching $21.38. 48,345 shares of the company’s stock were exchanged, compared to its average volume of 283,307. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.62. Knoll has a 1-year low of $16.57 and a 1-year high of $24.47. The company has a market cap of $1,060.53, a PE ratio of 15.92 and a beta of 0.98.

Knoll (NYSE:KNL) last issued its earnings results 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). Knoll had a net margin of 7.08% and a return on equity of 20.51%. The business had revenue of $316.10 million for the quarter, compared to the consensus estimate of $302.07 million. During the same period in the previous year, the firm earned $0.44 EPS. The company’s revenue was up 7.9% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.81%. Knoll’s payout ratio is 36.81%.

A number of hedge funds have recently modified their holdings of KNL. Investors Research Corp bought a new position in shares of Knoll in the fourth quarter worth $234,000. OxFORD Asset Management LLP bought a new position in shares of Knoll in the second quarter worth $275,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Knoll in the second quarter worth $300,000. Stoneridge Investment Partners LLC bought a new position in shares of Knoll in the third quarter worth $301,000. Finally, SG Americas Securities LLC increased its holdings in shares of Knoll by 63.6% in 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. 90.86% of the stock is currently owned by institutional investors and hedge funds.

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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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