MillerKnoll (MLKN) Scheduled to Post Quarterly Earnings on Wednesday

MillerKnoll (NASDAQ:MLKN) will be posting its quarterly earnings results after the market closes on Wednesday, March 27th. Analysts expect MillerKnoll to post earnings of $0.44 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

MillerKnoll Stock Up 1.0 %

Shares of MLKN opened at $29.88 on Tuesday. The firm has a market cap of $2.18 billion, a P/E ratio of 43.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 1.56. MillerKnoll has a 52 week low of $13.20 and a 52 week high of $31.33. The firm’s 50-day simple moving average is $28.55 and its 200 day simple moving average is $25.98.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Saturday, March 2nd will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, February 29th. MillerKnoll’s payout ratio is 110.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE acquired a new position in shares of MillerKnoll during the first quarter worth $36,000. Quarry LP bought a new position in MillerKnoll in the second quarter valued at about $39,000. International Assets Investment Management LLC boosted its stake in shares of MillerKnoll by 1,117.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock valued at $39,000 after purchasing an additional 1,330 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of MillerKnoll during the first quarter worth about $41,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of MillerKnoll by 428.8% in the first quarter. Tower Research Capital LLC TRC now owns 2,168 shares of the company’s stock valued at $44,000 after buying an additional 1,758 shares during the period. Institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th.

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.