MillerKnoll (NASDAQ:MLKN) Releases Q2 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.51-0.57 for the period, compared to the consensus estimate of $0.61. The company issued revenue guidance of $950-990 million, compared to the consensus revenue estimate of $948.13 million. MillerKnoll also updated its FY 2025 guidance to 2.200-2.200 EPS.

MillerKnoll Stock Performance

Shares of MLKN stock opened at $27.47 on Friday. The stock’s 50-day moving average is $28.53 and its two-hundred day moving average is $27.51. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 0.99 and a beta of 1.18. MillerKnoll has a 1 year low of $19.10 and a 1 year high of $31.73. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.92 and a current ratio of 1.53.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). 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 analysts’ expectations of $889.38 million. During the same period in the prior year, the business earned $0.37 EPS. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. Analysts predict that MillerKnoll will post 2.21 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, August 30th. MillerKnoll’s dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

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

MillerKnoll Company Profile

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.