MillerKnoll (NASDAQ:MLKN) Announces Earnings Results

MillerKnoll (NASDAQ:MLKN) issued its earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.04), Briefing.com reports. MillerKnoll had a return on equity of 10.94% and a net margin of 2.27%. The company had revenue of $861.50 million for the quarter, compared to analyst estimates of $889.38 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis.

MillerKnoll Stock Performance

MillerKnoll stock opened at $23.50 on Friday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.53 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $28.45 and a 200-day simple moving average of $27.47. MillerKnoll has a 1-year low of $19.10 and a 1-year high of $31.73.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, August 30th. MillerKnoll’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 3rd.

About MillerKnoll

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.