MillerKnoll (NASDAQ:MLKN) Issues Q4 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.46-0.52 for the period, compared to the consensus earnings per share estimate of $0.77. The company issued revenue guidance of $910-950 million, compared to the consensus revenue estimate of $958.85 million. MillerKnoll also updated its FY25 guidance to $1.81-1.87 EPS.

MillerKnoll Price Performance

Shares of NASDAQ MLKN traded down $0.27 on Wednesday, hitting $18.34. The company’s stock had a trading volume of 1,557,228 shares, compared to its average volume of 575,022. The stock has a 50 day moving average of $21.35 and a 200-day moving average of $23.19. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. MillerKnoll has a 12-month low of $16.99 and a 12-month high of $31.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. MillerKnoll’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, research analysts predict that MillerKnoll will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Friday, February 28th. MillerKnoll’s dividend payout ratio is presently 82.42%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

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.