Knoll Inc (NYSE:KNL) Expected to Announce Earnings of $0.44 Per Share

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Equities analysts expect Knoll Inc (NYSE:KNL) to post earnings per share of $0.44 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Knoll’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.43. Knoll posted earnings of $0.42 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, July 24th.

According to Zacks, analysts expect that Knoll will report full year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.05. For the next year, analysts expect that the company will report earnings of $2.27 per share, with EPS estimates ranging from $2.24 to $2.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Knoll.

Knoll (NYSE:KNL) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $332.80 million for the quarter, compared to analyst estimates of $312.20 million. Knoll had a return on equity of 24.17% and a net margin of 5.67%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share.

KNL has been the topic of several research analyst reports. ValuEngine lowered W&T Offshore from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Zacks Investment Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th.

NYSE:KNL traded down $0.48 on Friday, hitting $22.89. The company’s stock had a trading volume of 2,082 shares, compared to its average volume of 249,956. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.18 and a quick ratio of 0.54. The firm has a fifty day moving average of $21.90. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 12.41 and a beta of 1.45. Knoll has a one year low of $15.72 and a one year high of $24.29.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.17 dividend. This is a positive change from Knoll’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, June 13th. This represents a $0.68 annualized dividend and a yield of 2.97%. Knoll’s dividend payout ratio is currently 36.76%.

In other news, EVP David L. Schutte sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $21.61, for a total value of $75,635.00. Following the transaction, the executive vice president now owns 63,424 shares of the company’s stock, valued at $1,370,592.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Andrew B. Cogan sold 10,226 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.15, for a total value of $216,279.90. Following the completion of the transaction, the chairman now directly owns 535,792 shares in the company, valued at approximately $11,332,000.80. The disclosure for this sale can be found here. Insiders sold 16,500 shares of company stock worth $350,335 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. Lido Advisors LLC grew its position in Knoll by 17.9% during the fourth quarter. Lido Advisors LLC now owns 10,135 shares of the business services provider’s stock worth $167,000 after buying an additional 1,540 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Knoll during the fourth quarter worth approximately $179,000. Brinker Capital Inc. acquired a new stake in Knoll during the first quarter worth approximately $195,000. SG Americas Securities LLC acquired a new stake in Knoll during the first quarter worth approximately $206,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Knoll during the second quarter worth approximately $216,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.

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