Equities research analysts expect that Knoll Inc (NYSE:KNL) will report sales of $314.40 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Knoll’s earnings. The highest sales estimate is $316.10 million and the lowest is $312.70 million. Knoll posted sales of $296.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 6%. The firm is expected to announce its next earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that Knoll will report full-year sales of $1.36 billion for the current year, with estimates ranging from $1.36 billion to $1.37 billion. For the next fiscal year, analysts expect that the business will report sales of $1.42 billion, with estimates ranging from $1.42 billion to $1.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Knoll.
Knoll (NYSE:KNL) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.04. The company had revenue of $354.60 million during the quarter, compared to analysts’ expectations of $354.10 million. Knoll had a return on equity of 24.14% and a net margin of 5.62%. Knoll’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share.
Several analysts recently issued reports on KNL shares. Zacks Investment Research upgraded Knoll from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Sidoti dropped their target price on Knoll from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 2nd. ValuEngine lowered Knoll from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Finally, TheStreet lowered Knoll from a “b-” rating to a “c+” rating in a report on Wednesday, December 19th.
Shares of KNL stock traded up $0.04 on Monday, hitting $20.44. 267,300 shares of the stock were exchanged, compared to its average volume of 362,864. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.28 and a quick ratio of 0.60. The stock has a market capitalization of $1.01 billion, a P/E ratio of 11.05 and a beta of 1.23. Knoll has a fifty-two week low of $15.72 and a fifty-two week high of $24.29.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 2.94%. Knoll’s payout ratio is presently 32.43%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Knoll by 56.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,625 shares of the business services provider’s stock valued at $60,000 after buying an additional 1,301 shares during the period. Quantamental Technologies LLC bought a new stake in Knoll in the fourth quarter valued at approximately $131,000. Investors Research Corp raised its stake in Knoll by 4.9% in the fourth quarter. Investors Research Corp now owns 10,650 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Knoll in the fourth quarter valued at approximately $179,000. Finally, Lido Advisors LLC bought a new stake in Knoll in the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 89.97% of the company’s stock.
Knoll Company Profile
Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.
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