MillerKnoll (NASDAQ:MLKN) Shares Gap Down on Disappointing Earnings

Shares of MillerKnoll, Inc. (NASDAQ:MLKN) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $19.36, but opened at $14.36. MillerKnoll shares last traded at $15.01, with a volume of 745,236 shares trading hands.

The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.02). MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.The firm had revenue of $926.60 million during the quarter, compared to the consensus estimate of $941.95 million. During the same period in the previous year, the company posted $0.44 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Saturday, February 28th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, February 27th. MillerKnoll’s dividend payout ratio is currently -192.31%.

Trending Headlines about MillerKnoll

Here are the key news stories impacting MillerKnoll this week:

• Neutral Sentiment: Q3 results: revenue rose ~5.7% year‑over‑year but the company missed estimates (reported adjusted EPS $0.43 vs. $0.45 expected; revenue $926.6M vs. $941.95M expected). Official results and release. PR Newswire: Q3 Results
• Neutral Sentiment: Sidoti published out‑year model updates (quarterly EPS estimates through FY2028) — these provide new analyst visibility but are forward estimates rather than firm guidance.
• Negative Sentiment: Analyst cuts: Sidoti reduced several near‑term quarter estimates and trimmed FY2026 EPS to $1.84 from $1.94, lowering Q4‑2026, Q1‑Q3‑2027 and other quarter forecasts — a concrete downgrade to near‑term earnings expectations. MarketBeat: MLKN
• Negative Sentiment: Geopolitical & weather risks: management singled out the Iran war (and weather) as pressuring the company’s outlook and margins — this guidance risk is being priced into the stock. Investopedia: Iran war impact
• Negative Sentiment: Shareholder litigation risk: Holzer & Holzer and Johnson Fistel announced investigations into MillerKnoll following the earnings miss and outlook concerns — potential legal overhang for the stock. GlobeNewswire: Holzer & Holzer GlobeNewswire: Johnson Fistel
• Negative Sentiment: Market reaction: investors sold after the print and guidance, producing a sharp share decline and elevated volume as media coverage highlighted the earnings miss and guidance risk. Investing.com: Shares plunge

Analysts Set New Price Targets

A number of analysts have recently issued reports on MLKN shares. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Zacks Research cut shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. William Blair began coverage on shares of MillerKnoll in a research note on Tuesday, February 10th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On MillerKnoll

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of MillerKnoll by 39.4% during the 1st quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock valued at $373,000 after purchasing an additional 5,495 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in MillerKnoll by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock worth $775,000 after buying an additional 801 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in MillerKnoll by 7.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company’s stock worth $3,788,000 after buying an additional 13,099 shares in the last quarter. Jane Street Group LLC grew its position in MillerKnoll by 311.8% during the first quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock valued at $7,929,000 after acquiring an additional 313,684 shares during the last quarter. Finally, Legal & General Group Plc grew its position in MillerKnoll by 0.4% during the second quarter. Legal & General Group Plc now owns 192,219 shares of the company’s stock valued at $3,733,000 after acquiring an additional 678 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

The stock has a market capitalization of $1.03 billion, a PE ratio of 107.29, a P/E/G ratio of 0.68 and a beta of 1.31. The firm’s 50 day simple moving average is $20.04 and its 200 day simple moving average is $18.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.95.

MillerKnoll Company Profile

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.