MillerKnoll (NASDAQ:MLKN – Get Rating) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.32-0.38 for the period, compared to the consensus earnings per share estimate of $0.35. The company issued revenue guidance of $1.08-1.12 billion, compared to the consensus revenue estimate of $1.04 billion. MillerKnoll also updated its Q1 2023 guidance to $0.32-$0.38 EPS.
Shares of MLKN stock traded down $0.41 during trading hours on Wednesday, hitting $28.00. 785,413 shares of the company’s stock were exchanged, compared to its average volume of 460,588. The company has a market capitalization of $2.12 billion, a PE ratio of -42.86 and a beta of 1.18. MillerKnoll has a 12-month low of $25.58 and a 12-month high of $48.79. The business’s 50 day simple moving average is $29.75 and its 200-day simple moving average is $34.12. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.95.
MillerKnoll (NASDAQ:MLKN – Get Rating) last posted its quarterly earnings results on Tuesday, March 29th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. MillerKnoll had a negative net margin of 1.30% and a positive return on equity of 9.73%. The business’s revenue was up 74.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Saturday, May 28th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, May 26th. MillerKnoll’s dividend payout ratio (DPR) is presently -107.14%.
Several hedge funds have recently bought and sold shares of the business. US Bancorp DE purchased a new position in shares of MillerKnoll during the first quarter worth approximately $36,000. Captrust Financial Advisors bought a new position in shares of MillerKnoll in the first quarter worth approximately $41,000. Point72 Hong Kong Ltd bought a new position in shares of MillerKnoll in the first quarter worth approximately $58,000. PNC Financial Services Group Inc. bought a new position in shares of MillerKnoll in the first quarter worth approximately $103,000. Finally, Metropolitan Life Insurance Co NY bought a new position in shares of MillerKnoll in the first quarter worth approximately $163,000. 92.32% of the stock is currently owned by hedge funds and other institutional investors.
About MillerKnoll (Get Rating)
MillerKnoll, Inc manufactures and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Retail segments. The company offers seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Verus, Cosm, Lino, Verus, Celle, Equa, Taper, and Ergon names; and modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, Prospect, Overlay, Resolve, and OE1 names.