MillerKnoll (MLKN) Scheduled to Post Earnings on Wednesday

MillerKnoll (NASDAQ:MLKN – Get 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:MLKN – Get 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

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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.