Knoll, Inc. (KNL) Expected to Post Quarterly Sales of $305.35 Million
Brokerages expect Knoll, Inc. (NYSE:KNL) to report $305.35 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Knoll’s earnings, with the lowest sales estimate coming in at $299.30 million and the highest estimate coming in at $311.40 million. Knoll reported sales of $292.87 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings report on Friday, February 9th.
On average, analysts expect that Knoll will report full year sales of $305.35 million for the current fiscal year, with estimates ranging from $1.12 billion to $1.13 billion. For the next financial year, analysts anticipate that the business will post sales of $1.18 billion per share, with estimates ranging from $1.18 billion to $1.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Knoll.
Knoll (NYSE:KNL) last posted its earnings results on Monday, October 23rd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the 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 analyst estimates of $277.40 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year.
KNL has been the topic of several analyst reports. Raymond James Financial upgraded Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Monday, August 28th. UBS raised Knoll from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. TheStreet downgraded Knoll from a “b-” rating to a “c+” rating in a report on Thursday, September 7th. Zacks Investment Research downgraded Knoll from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, Sidoti began coverage on Knoll in a report on Wednesday, August 16th. They issued a “buy” rating and a $28.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Knoll currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Several institutional investors have recently bought and sold shares of the company. Strs Ohio grew its holdings in Knoll by 6.0% in the 2nd quarter. Strs Ohio now owns 8,800 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Knoll in the 2nd quarter valued at $194,000. BNP Paribas Arbitrage SA lifted its stake in shares of Knoll by 144.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,959 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 7,068 shares during the last quarter. Petrus Trust Company LTA acquired a new position in shares of Knoll in the 2nd quarter valued at $243,000. Finally, Pacad Investment Ltd. acquired a new position in Knoll during the 2nd quarter worth about $254,000. Institutional investors and hedge funds own 90.60% of the company’s stock.
Knoll (NYSE:KNL) traded down $0.30 on Wednesday, reaching $20.99. The company’s stock had a trading volume of 171,000 shares, compared to its average volume of 394,709. Knoll has a 52 week low of $16.57 and a 52 week high of $28.40. 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 stock has a market capitalization of $1,050.66, a price-to-earnings ratio of 14.89 and a beta of 1.07.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, December 14th. Knoll’s payout ratio is presently 42.86%.
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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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