$0.43 Earnings Per Share Expected for Knoll, Inc. (KNL) This Quarter
Analysts expect that Knoll, Inc. (NYSE:KNL) will announce $0.43 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Knoll’s earnings. Knoll reported earnings of $0.44 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The firm is expected to announce its next earnings report on Friday, February 9th.
According to Zacks, analysts expect that Knoll will report full-year earnings of $1.43 per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.62 to $1.69. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Knoll.
Knoll (NYSE:KNL) last released its earnings results on Monday, October 23rd. The business services provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Knoll had a return on equity of 21.94% and a net margin of 6.21%. The company had revenue of $291.26 million for the quarter, compared to the consensus estimate of $277.40 million. During the same period in the previous year, the business earned $0.44 earnings per share. Knoll’s quarterly revenue was down .3% compared to the same quarter last year.
Several brokerages have recently commented on KNL. Zacks Investment Research upgraded Knoll from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday. Raymond James Financial upgraded Knoll from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $26.00 in a research report on Tuesday, December 26th. Finally, TheStreet upgraded Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $26.67.
Knoll (NYSE:KNL) opened at $23.21 on Friday. Knoll has a 52-week low of $16.57 and a 52-week high of $28.03. The company has a market capitalization of $1,145.41, a PE ratio of 16.58 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.62.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.59%. Knoll’s payout ratio is 42.86%.
Several institutional investors have recently made changes to their positions in KNL. FMR LLC lifted its position in shares of Knoll by 28.1% in the second quarter. FMR LLC now owns 4,036,259 shares of the business services provider’s stock valued at $80,927,000 after acquiring an additional 884,982 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Knoll by 121.0% in the second quarter. Alliancebernstein L.P. now owns 1,406,649 shares of the business services provider’s stock worth $28,203,000 after buying an additional 770,256 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Knoll by 29.5% in the third quarter. Macquarie Group Ltd. now owns 1,795,464 shares of the business services provider’s stock worth $35,909,000 after buying an additional 409,142 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Knoll by 36.8% in the second quarter. Voya Investment Management LLC now owns 1,382,277 shares of the business services provider’s stock worth $27,714,000 after buying an additional 372,058 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Knoll by 216.4% in the third quarter. Wells Fargo & Company MN now owns 521,086 shares of the business services provider’s stock worth $10,422,000 after buying an additional 356,380 shares in the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.
Knoll Company Profile
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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