Wall Street brokerages forecast that Knoll Inc (NYSE:KNL) will post earnings per share of $0.48 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Knoll’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.47. Knoll reported earnings per share of $0.39 in the same quarter last year, which would indicate a positive year over year growth rate of 23.1%. The company is expected to announce its next quarterly earnings report on Monday, October 22nd.

According to Zacks, analysts expect that Knoll will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.80 to $1.81. For the next year, analysts expect that the business will post earnings of $2.03 per share, with EPS estimates ranging from $2.00 to $2.06. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Knoll.

Knoll (NYSE:KNL) last issued its quarterly earnings data on Monday, July 30th. The business services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Knoll had a return on equity of 20.90% and a net margin of 6.54%. The business had revenue of $323.40 million for the quarter, compared to the consensus estimate of $307.70 million. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year.

A number of analysts have issued reports on KNL shares. ValuEngine lowered Knoll from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered Knoll from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $25.50.

In other Knoll news, SVP Roxanne B. Klein sold 1,835 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $22.90, for a total value of $42,021.50. Following the sale, the senior vice president now owns 16,592 shares of the company’s stock, valued at approximately $379,956.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andrew B. Cogan sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $23.00, for a total value of $414,000.00. Following the completion of the sale, the chairman now directly owns 520,613 shares in the company, valued at approximately $11,974,099. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNL. Sun Life Financial INC acquired a new stake in Knoll in the 2nd quarter valued at approximately $143,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Knoll during the 4th quarter worth approximately $202,000. SG Americas Securities LLC grew its holdings in shares of Knoll by 48.9% during the 1st quarter. SG Americas Securities LLC now owns 12,283 shares of the business services provider’s stock worth $248,000 after purchasing an additional 4,034 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Knoll during the 2nd quarter worth approximately $269,000. Finally, Greenwich Wealth Management LLC grew its holdings in shares of Knoll by 16.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock worth $416,000 after purchasing an additional 2,801 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KNL stock traded up $0.13 during trading on Friday, reaching $23.32. The company had a trading volume of 101,562 shares, compared to its average volume of 222,449. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.61 and a current ratio of 1.30. Knoll has a one year low of $17.56 and a one year high of $24.00. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, September 13th. Knoll’s dividend payout ratio (DPR) is currently 43.48%.

About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.

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