MillerKnoll (NASDAQ:MLKN) Updates FY25 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.10-2.30 for the period, compared to the consensus estimate of $2.19.

MillerKnoll Stock Up 2.0 %

MLKN traded up $0.51 during trading on Wednesday, reaching $26.15. 993,219 shares of the stock were exchanged, compared to its average volume of 698,798. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.59. The stock’s 50 day moving average price is $26.31 and its two-hundred day moving average price is $27.29. The stock has a market cap of $1.87 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 0.93 and a beta of 1.26. MillerKnoll has a twelve month low of $14.00 and a twelve month high of $31.33.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The business had revenue of $872.30 million during the quarter, compared to the consensus estimate of $909.55 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. MillerKnoll’s revenue for the quarter was down 11.4% compared to the same quarter last year. Equities analysts expect that MillerKnoll will post 1.94 EPS for the current year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, May 31st. MillerKnoll’s dividend payout ratio is currently 77.32%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded MillerKnoll from a strong-buy rating to a buy rating in a report on Thursday, March 28th.

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.