MillerKnoll (NASDAQ:MLKN) Announces Quarterly Earnings Results

Posted by Terry King on Dec 20th, 2024

MillerKnoll (NASDAQ:MLKN – Get Free Report) posted its earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01, Zacks reports. The firm had revenue of $970.40 million during the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $23.00 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. MillerKnoll has a 1 year low of $20.89 and a 1 year high of $31.73. The firm has a 50 day moving average of $24.42 and a 200-day moving average of $26.15. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be paid a $0.1875 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.26%. MillerKnoll’s dividend payout ratio is presently 86.21%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on MLKN

About MillerKnoll

(Get Free Report)

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.