MillerKnoll (NASDAQ:MLKN) Releases Q4 2024 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.490-0.570 for the period, compared to the consensus 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.

Analysts Set New Price Targets

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

MillerKnoll Trading Up 1.8 %

NASDAQ:MLKN traded up $0.55 during trading hours on Wednesday, hitting $30.53. The company had a trading volume of 1,108,873 shares, compared to its average volume of 820,086. MillerKnoll has a 52 week low of $13.20 and a 52 week high of $31.33. The company has a market capitalization of $2.22 billion, a PE ratio of 44.90, a price-to-earnings-growth ratio of 1.20 and a beta of 1.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.56 and a quick ratio of 0.93. The stock has a 50-day moving average price of $28.65 and a 200 day moving average price of $26.07.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Saturday, March 2nd will be given a $0.1875 dividend. 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 dividend payout ratio is presently 110.30%.

Institutional Trading of MillerKnoll

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of MillerKnoll in the 1st quarter worth about $288,708,000. Vanguard Group Inc. grew its position in shares of MillerKnoll by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,277,077 shares of the company’s stock worth $113,523,000 after buying an additional 58,044 shares during the period. State Street Corp grew its position in shares of MillerKnoll by 2.6% in the 3rd quarter. State Street Corp now owns 2,511,435 shares of the company’s stock worth $39,644,000 after buying an additional 63,194 shares during the period. Eaton Vance Management purchased a new stake in shares of MillerKnoll in the 1st quarter worth about $81,726,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of MillerKnoll in the 1st quarter worth about $68,747,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

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.