Analysts expect Knoll Inc (NYSE:KNL) to post sales of $338.95 million for the current quarter, according to Zacks. Two analysts have made estimates for Knoll’s earnings, with the lowest sales estimate coming in at $338.40 million and the highest estimate coming in at $339.50 million. Knoll reported sales of $323.35 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that Knoll will report full-year sales of $1.39 billion for the current year, with estimates ranging from $1.39 billion to $1.40 billion. For the next year, analysts forecast that the company will report sales of $1.45 billion, with estimates ranging from $1.44 billion to $1.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Knoll.
Knoll (NYSE:KNL) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $332.80 million during the quarter, compared to analyst estimates of $312.20 million. Knoll had a return on equity of 24.17% and a net margin of 5.67%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. ValuEngine lowered W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th.
In related news, CEO Andrew B. Cogan sold 2,774 shares of Knoll stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $21.06, for a total value of $58,420.44. Following the completion of the transaction, the chief executive officer now owns 533,018 shares in the company, valued at $11,225,359.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Andrew B. Cogan sold 10,226 shares of Knoll stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $21.15, for a total value of $216,279.90. Following the completion of the transaction, the chairman now owns 535,792 shares of the company’s stock, valued at approximately $11,332,000.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,500 shares of company stock valued at $350,335. 1.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNL. FMR LLC boosted its position in shares of Knoll by 49.3% during the first quarter. FMR LLC now owns 4,255,112 shares of the business services provider’s stock valued at $80,465,000 after buying an additional 1,405,880 shares during the period. BlackRock Inc. boosted its position in shares of Knoll by 3.6% during the fourth quarter. BlackRock Inc. now owns 3,361,988 shares of the business services provider’s stock valued at $55,405,000 after buying an additional 117,192 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Knoll by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,178,766 shares of the business services provider’s stock valued at $35,906,000 after buying an additional 24,725 shares during the period. Macquarie Group Ltd. boosted its position in shares of Knoll by 0.9% during the fourth quarter. Macquarie Group Ltd. now owns 1,929,234 shares of the business services provider’s stock valued at $31,794,000 after buying an additional 16,355 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in shares of Knoll by 16.6% during the first quarter. Westwood Holdings Group Inc. now owns 1,684,909 shares of the business services provider’s stock valued at $31,862,000 after buying an additional 240,005 shares during the period. Institutional investors own 89.67% of the company’s stock.
Shares of Knoll stock traded down $0.38 during trading on Friday, reaching $22.90. 199,440 shares of the stock traded hands, compared to its average volume of 251,916. The firm has a market cap of $1.14 billion, a P/E ratio of 12.38 and a beta of 1.45. The firm’s fifty day moving average price is $22.07. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.18 and a quick ratio of 0.54. Knoll has a 52-week low of $15.72 and a 52-week high of $24.29.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.17 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.68 annualized dividend and a yield of 2.97%. This is a positive change from Knoll’s previous quarterly dividend of $0.15. Knoll’s dividend payout ratio (DPR) is currently 36.76%.
Knoll Company Profile
Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.
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