MillerKnoll (NASDAQ:MLKN) Issues 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.

MillerKnoll Price Performance

Shares of MillerKnoll stock traded down $0.96 during midday trading on Wednesday, hitting $24.33. 1,573,833 shares of the company traded hands, compared to its average volume of 632,298. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. MillerKnoll has a 12 month low of $22.35 and a 12 month high of $31.73. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 0.96 and a beta of 1.20. The firm’s fifty day moving average price is $24.43 and its 200-day moving average price is $26.19.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $970.40 million during the quarter, compared to analysts’ expectations of $959.60 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. As a group, sell-side analysts forecast that MillerKnoll will post 2.17 earnings per share for the current year.

MillerKnoll Dividend Announcement

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

Analyst Ratings Changes

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

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.