MillerKnoll (NASDAQ:MLKN) Updates Q3 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.41-0.47 for the period, compared to the consensus earnings per share estimate of $0.56. The company issued revenue guidance of $903-943 million, compared to the consensus revenue estimate of $927.05 million. MillerKnoll also updated its FY 2025 guidance to 2.110-2.170 EPS.

MillerKnoll Trading Down 3.8 %

MLKN stock traded down $0.96 during midday trading on Wednesday, hitting $24.33. The stock had a trading volume of 1,576,916 shares, compared to its average volume of 630,519. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.68 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The business has a fifty day moving average price of $24.43 and a two-hundred day moving average price of $26.19. MillerKnoll has a 1-year low of $22.35 and a 1-year high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $970.40 million during the quarter, compared to the consensus estimate of $959.60 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. On average, sell-side analysts predict that MillerKnoll will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.08%. MillerKnoll’s dividend payout ratio is currently 86.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th.

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.