MillerKnoll, Inc. (NASDAQ:MLKN) Expected to Post FY2024 Earnings of $1.94 Per Share

MillerKnoll, Inc. (NASDAQ:MLKNFree Report) – Sidoti Csr dropped their FY2024 earnings estimates for shares of MillerKnoll in a report released on Thursday, March 28th. Sidoti Csr analyst G. Burns now expects that the company will post earnings per share of $1.94 for the year, down from their prior estimate of $2.07. The consensus estimate for MillerKnoll’s current full-year earnings is $2.07 per share. Sidoti Csr also issued estimates for MillerKnoll’s Q4 2024 earnings at $0.53 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.74 EPS, FY2025 earnings at $2.30 EPS, Q1 2026 earnings at $0.60 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.64 EPS and FY2026 earnings at $2.82 EPS.

Separately, lowered shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Check Out Our Latest Report on MLKN

MillerKnoll Stock Down 18.9 %

Shares of MillerKnoll stock opened at $24.76 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. MillerKnoll has a 1 year low of $13.20 and a 1 year high of $31.33. The stock has a 50-day moving average price of $28.75 and a 200 day moving average price of $26.15. The company has a market cap of $1.80 billion, a P/E ratio of 36.41, a P/E/G ratio of 1.23 and a beta of 1.31.

MillerKnoll (NASDAQ:MLKNGet Free Report) last released its earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. MillerKnoll had a return on equity of 9.55% and a net margin of 1.96%. The company had revenue of $872.30 million during the quarter, compared to analyst estimates of $909.55 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was down 11.4% on a year-over-year basis.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Saturday, March 2nd will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, February 29th. MillerKnoll’s dividend payout ratio (DPR) is presently 110.29%.

Institutional Trading of MillerKnoll

Institutional investors have recently bought and sold shares of the company. US Bancorp DE purchased a new stake in shares of MillerKnoll during the 1st quarter worth about $36,000. Nomura Asset Management Co. Ltd. lifted its stake in MillerKnoll by 100.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Captrust Financial Advisors bought a new stake in MillerKnoll in the first quarter worth approximately $41,000. International Assets Investment Management LLC increased its stake in shares of MillerKnoll by 1,117.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of MillerKnoll during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for MillerKnoll (NASDAQ:MLKN)

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