Herman Miller (MLHR) Scheduled to Post Quarterly Earnings on Tuesday
Herman Miller (NASDAQ:MLHR) will be announcing its earnings results after the market closes on Tuesday, December 19th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.
Herman Miller (NASDAQ:MLHR) last issued its earnings results on Thursday, September 21st. The business services provider reported $0.57 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.57. Herman Miller had a return on equity of 22.02% and a net margin of 5.34%. The company had revenue of $580.30 million during the quarter, compared to the consensus estimate of $578.27 million. During the same period in the previous year, the firm posted $0.60 earnings per share. Herman Miller’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, analysts expect Herman Miller to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Herman Miller (NASDAQ MLHR) opened at $35.40 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.30 and a debt-to-equity ratio of 0.33. Herman Miller has a 52 week low of $28.55 and a 52 week high of $37.00. The company has a market capitalization of $2,116.14, a P/E ratio of 16.54 and a beta of 1.48.
Several brokerages have recently issued reports on MLHR. BidaskClub upgraded Herman Miller from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Herman Miller from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, ValuEngine downgraded Herman Miller from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.00.
In other news, insider Andrew J. Lock sold 24,277 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $34.17, for a total transaction of $829,545.09. Following the completion of the transaction, the insider now directly owns 26,388 shares in the company, valued at $901,677.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian C. Walker sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $35.38, for a total value of $495,320.00. Following the transaction, the chief executive officer now owns 160,979 shares of the company’s stock, valued at $5,695,437.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,789 shares of company stock valued at $2,468,541. Insiders own 1.91% of the company’s stock.
About Herman Miller
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