FY2027 EPS Estimates for MillerKnoll Cut by Sidoti Csr

MillerKnoll, Inc. (NASDAQ:MLKN) – Equities research analysts at Sidoti Csr dropped their FY2027 earnings estimates for MillerKnoll in a research report issued on Tuesday, December 9th. Sidoti Csr analyst G. Burns now forecasts that the company will post earnings of $2.28 per share for the year, down from their prior estimate of $2.62. The consensus estimate for MillerKnoll’s current full-year earnings is $2.12 per share.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Wednesday, February 16th. The company reported $0.35 EPS for the quarter. The business had revenue of $92.95 million during the quarter. MillerKnoll had a positive return on equity of 10.96% and a negative net margin of 0.41%.

MLKN has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MillerKnoll in a report on Monday, December 8th. Zacks Research lowered MillerKnoll from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Wall Street Zen raised MillerKnoll from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

MillerKnoll Trading Up 0.6%

Shares of NASDAQ:MLKN opened at $16.66 on Friday. MillerKnoll has a twelve month low of $13.77 and a twelve month high of $25.72. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The firm has a market cap of $1.14 billion, a P/E ratio of -66.64, a P/E/G ratio of 0.75 and a beta of 1.32. The company has a 50 day moving average of $15.83 and a 200-day moving average of $18.18.

Hedge Funds Weigh In On MillerKnoll

Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its stake in MillerKnoll by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after purchasing an additional 519 shares during the period. Summit Securities Group LLC purchased a new stake in shares of MillerKnoll in the first quarter valued at about $70,000. Johnson Financial Group Inc. acquired a new stake in shares of MillerKnoll during the third quarter worth about $72,000. Canada Pension Plan Investment Board purchased a new position in shares of MillerKnoll during the second quarter worth about $82,000. Finally, Strs Ohio acquired a new position in MillerKnoll in the 3rd quarter valued at about $85,000. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Saturday, November 29th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, November 28th. MillerKnoll’s dividend payout ratio is presently -300.00%.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.