MillerKnoll (NASDAQ:MLKN) Issues Earnings Results, Beats Estimates By $0.03 EPS

MillerKnoll (NASDAQ:MLKN) announced its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03, FiscalAI reports. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $973.87 million. MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. MillerKnoll updated its FY 2027 guidance to 1.850-2.150 EPS and its Q1 2027 guidance to 0.330-0.390 EPS.

MillerKnoll Stock Performance

MLKN stock traded up $1.18 during trading on Wednesday, reaching $17.24. The stock had a trading volume of 1,130,858 shares, compared to its average volume of 749,348. The firm has a market cap of $1.18 billion, a PE ratio of 123.14, a PEG ratio of 0.66 and a beta of 1.41. The company has a current ratio of 1.64, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average is $15.85 and its two-hundred day moving average is $17.71. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $23.18.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Saturday, May 30th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.75 annualized dividend and a dividend yield of 4.4%. MillerKnoll’s payout ratio is presently 535.71%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of MillerKnoll in a research note on Friday, April 24th. Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Trading of MillerKnoll

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MLKN. Alliancebernstein L.P. raised its position in MillerKnoll by 7.1% in the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock worth $91,646,000 after acquiring an additional 340,917 shares during the period. Invesco Ltd. grew its position in shares of MillerKnoll by 8.0% during the 4th quarter. Invesco Ltd. now owns 1,956,425 shares of the company’s stock valued at $35,763,000 after acquiring an additional 145,544 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of MillerKnoll by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,552,213 shares of the company’s stock worth $28,374,000 after purchasing an additional 50,843 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of MillerKnoll by 46.4% in the 4th quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company’s stock worth $23,861,000 after purchasing an additional 413,531 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in MillerKnoll by 12.7% in the 2nd quarter. Bank of America Corp DE now owns 1,040,492 shares of the company’s stock worth $20,206,000 after purchasing an additional 117,000 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.

About MillerKnoll

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.