MillerKnoll (NASDAQ:MLKN) Posts Earnings Results

MillerKnoll (NASDAQ:MLKN) posted its quarterly earnings data on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44, Briefing.com reports. The business had revenue of $876.20 million for the quarter, compared to analysts’ expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share.

MillerKnoll Trading Down 1.5 %

NASDAQ:MLKN traded down $0.27 during trading hours on Wednesday, reaching $18.34. 1,593,418 shares of the company were exchanged, compared to its average volume of 575,067. MillerKnoll has a 52-week low of $16.99 and a 52-week high of $31.73. The stock has a 50 day simple moving average of $21.35 and a 200 day simple moving average of $23.19. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.89 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, February 28th. MillerKnoll’s dividend payout ratio (DPR) is 82.42%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

MillerKnoll Company Profile

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.