MillerKnoll (NASDAQ:MLKN) Updates FY 2027 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.850-2.150 for the period, compared to the consensus estimate of 2.000. The company issued revenue guidance of $3.9 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion. MillerKnoll also updated its Q1 2027 guidance to 0.330-0.390 EPS.

MillerKnoll Price Performance

Shares of MillerKnoll stock traded up $1.18 during trading on Wednesday, reaching $17.24. 1,135,390 shares of the company’s stock were exchanged, compared to its average volume of 749,411. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.64. MillerKnoll has a 1-year low of $13.77 and a 1-year high of $23.18. The company has a market cap of $1.18 billion, a P/E ratio of 123.14, a PEG ratio of 0.66 and a beta of 1.41. The firm’s 50-day moving average price is $15.85 and its 200 day moving average price is $17.71.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $973.87 million. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. As a group, research analysts anticipate that MillerKnoll will post 1.83 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Saturday, May 30th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.75 annualized dividend and a yield of 4.4%. MillerKnoll’s dividend payout ratio (DPR) is currently 535.71%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MLKN shares. Weiss Ratings restated a “sell (d+)” rating on shares of MillerKnoll in a report on Friday, April 24th. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On MillerKnoll

Several hedge funds and other institutional investors have recently modified their holdings of MLKN. Invesco Ltd. lifted its stake in MillerKnoll by 8.0% during the fourth quarter. Invesco Ltd. now owns 1,956,425 shares of the company’s stock worth $35,763,000 after purchasing an additional 145,544 shares during the last quarter. Front Street Capital Management Inc. raised its holdings in shares of MillerKnoll by 9.0% during the 4th quarter. Front Street Capital Management Inc. now owns 704,481 shares of the company’s stock valued at $12,878,000 after buying an additional 58,369 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in MillerKnoll by 184.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 76,562 shares of the company’s stock worth $1,537,000 after buying an additional 49,640 shares during the last quarter. Mackenzie Financial Corp lifted its position in MillerKnoll by 230.1% in the 4th quarter. Mackenzie Financial Corp now owns 149,925 shares of the company’s stock worth $2,764,000 after buying an additional 104,510 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its position in MillerKnoll by 379.8% during the fourth quarter. Voloridge Investment Management LLC now owns 168,840 shares of the company’s stock valued at $3,086,000 after acquiring an additional 133,649 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

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.