MillerKnoll (NASDAQ:MLKN) Releases Q3 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.41-0.47 for the period, compared to the consensus EPS estimate of $0.56. The company issued revenue guidance of $903-943 million, compared to the consensus revenue estimate of $927.05 million. MillerKnoll also updated its FY 2025 guidance to 2.110-2.170 EPS.

Analyst Ratings Changes

Separately, StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

MillerKnoll Price Performance

Shares of MLKN stock traded down $0.96 during trading hours on Wednesday, hitting $24.33. The stock had a trading volume of 1,573,833 shares, compared to its average volume of 632,298. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 0.96 and a beta of 1.20. MillerKnoll has a one year low of $22.35 and a one year high of $31.73. The stock’s 50-day moving average price is $24.43 and its two-hundred day moving average price is $26.19.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The business had revenue of $970.40 million during the quarter, compared to analysts’ expectations of $959.60 million. During the same period last year, the company posted $0.59 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Equities analysts forecast that MillerKnoll will post 2.17 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is 86.21%.

MillerKnoll Company Profile

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.