MillerKnoll (MLKN) Scheduled to Post Earnings on Wednesday

MillerKnoll (NASDAQ:MLKNGet Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, March 22nd. MillerKnoll has set its Q3 2023 guidance at $0.40-$0.46 EPS and its Q3 guidance at $0.40-0.46 EPS.Parties interested in registering for the company’s conference call can do so using this link.

MillerKnoll (NASDAQ:MLKNGet Rating) last announced its quarterly earnings data on Wednesday, December 21st. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. MillerKnoll had a return on equity of 9.46% and a net margin of 1.78%. The company had revenue of $1.07 billion for the quarter.

MillerKnoll Price Performance

MLKN opened at $21.27 on Wednesday. The stock’s 50 day simple moving average is $23.09 and its 200 day simple moving average is $21.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 0.93. MillerKnoll has a 1 year low of $15.54 and a 1 year high of $36.93. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 21.48 and a beta of 1.45.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 15th. Investors of record on Saturday, March 4th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, March 2nd. This represents a $0.75 annualized dividend and a yield of 3.53%. MillerKnoll’s payout ratio is 75.76%.

Analyst Ratings Changes

Separately, Benchmark cut MillerKnoll from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th.

Institutional Trading of MillerKnoll

Hedge funds have recently bought and sold shares of the company. US Bancorp DE bought a new position in shares of MillerKnoll in the first quarter worth about $36,000. Captrust Financial Advisors bought a new position in shares of MillerKnoll in the first quarter worth about $41,000. Point72 Hong Kong Ltd purchased a new stake in shares of MillerKnoll in the first quarter worth about $58,000. Lazard Asset Management LLC purchased a new stake in shares of MillerKnoll in the fourth quarter worth about $69,000. Finally, Advisor Group Holdings Inc. lifted its position in shares of MillerKnoll by 23.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,588 shares of the company’s stock worth $75,000 after buying an additional 675 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

MillerKnoll Company Profile

(Get Rating)

MillerKnoll, Inc engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. It operates through the following segments: Americas Contract, International Contract, Global Retail, and Knoll.

Further Reading

Earnings History for MillerKnoll (NASDAQ:MLKN)

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