Knoll (KNL) Earning Somewhat Favorable Media Coverage, Analysis Finds
Press coverage about Knoll (NYSE:KNL) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Knoll earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.281940510752 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Knoll, Inc. (KNL) Short Interest Up 47.5% in August (americanbankingnews.com)
- Legacy Reserves LP (LGCYP) Shares Moving On Volume (iphonefresh.com)
- Tale of the Ticker: AEHR Test Systems (AEHR) Moves on Volume (techkenyot.com)
- Microsoft Corporation (MSFT) Shares Bought by Whittier Trust Co (currenthollywood.com)
- Raymond James Upgrades Rating On Knoll, Inc. (KNL) To “Outperform” (highlightpress.com)
Shares of Knoll (NYSE:KNL) opened at 17.97 on Thursday. Knoll has a 1-year low of $16.57 and a 1-year high of $28.40. The company has a market cap of $870.97 million, a PE ratio of 12.40 and a beta of 0.98. The firm’s 50 day moving average is $18.82 and its 200-day moving average is $21.71.
Knoll (NYSE:KNL) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. The business had revenue of $268.70 million for the quarter, compared to analysts’ expectations of $284.65 million. Knoll had a net margin of 6.43% and a return on equity of 23.40%. Knoll’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. Equities analysts expect that Knoll will post $1.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, September 14th. Knoll’s payout ratio is 41.38%.
Several brokerages have commented on KNL. Raymond James Financial, Inc. upgraded shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday. UBS AG raised shares of Knoll from a “market perform” rating to an “outperform” rating in a research note on Monday. Sidoti began coverage on shares of Knoll in a research note on Wednesday, August 16th. They set a “buy” rating and a $28.00 target price on the stock. Zacks Investment Research cut shares of Knoll from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine cut shares of Knoll from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $24.50.
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In related news, Director Benjamin A. Pardo sold 2,200 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $19.45, for a total transaction of $42,790.00. Following the sale, the director now owns 23,773 shares of the company’s stock, valued at $462,384.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.
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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