MillerKnoll (NASDAQ:MLKN) Issues Q4 2024 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.490-0.570 for the period, compared to the consensus EPS estimate of 0.680. The company issued revenue guidance of $880.0 million-$920.0 million, compared to the consensus revenue estimate of $961.4 million. MillerKnoll also updated its FY 2024 guidance to 1.900-1.980 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of MillerKnoll from a buy rating to a strong-buy rating in a research note on Tuesday, March 19th.

MillerKnoll Stock Up 1.8 %

Shares of NASDAQ MLKN opened at $30.53 on Thursday. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. MillerKnoll has a 12 month low of $13.20 and a 12 month high of $31.33. The firm has a market capitalization of $2.22 billion, a PE ratio of 44.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. The firm has a fifty day simple moving average of $28.76 and a two-hundred day simple moving average of $26.10.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $872.30 million during the quarter, compared to analyst estimates of $909.55 million. MillerKnoll had a net margin of 1.33% and a return on equity of 10.06%. MillerKnoll’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Equities analysts expect that MillerKnoll will post 2.07 earnings per share for the current year.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Saturday, March 2nd will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, February 29th. MillerKnoll’s payout ratio is presently 110.30%.

Institutional Trading of MillerKnoll

A number of institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its holdings in shares of MillerKnoll by 31.3% in the second quarter. Captrust Financial Advisors now owns 1,551 shares of the company’s stock worth $41,000 after buying an additional 370 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in MillerKnoll by 1.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 46,484 shares of the company’s stock worth $1,221,000 after acquiring an additional 606 shares during the period. Penserra Capital Management LLC raised its stake in MillerKnoll by 6.0% during the 4th quarter. Penserra Capital Management LLC now owns 11,191 shares of the company’s stock worth $235,000 after acquiring an additional 636 shares during the period. Advisor Group Holdings Inc. raised its stake in MillerKnoll by 23.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,588 shares of the company’s stock worth $75,000 after acquiring an additional 675 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in MillerKnoll by 7.3% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 11,033 shares of the company’s stock worth $226,000 after acquiring an additional 748 shares during the period. Hedge funds and other institutional investors own 87.50% of the company’s stock.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.