What is Sidoti’s Estimate for MillerKnoll FY2027 Earnings?

MillerKnoll, Inc. (NASDAQ:MLKN) – Stock analysts at Sidoti reduced their FY2027 earnings per share (EPS) estimates for MillerKnoll in a research report issued on Thursday, March 26th. Sidoti analyst G. Burns now forecasts that the company will earn $1.99 per share for the year, down from their previous forecast of $2.31. The consensus estimate for MillerKnoll’s current full-year earnings is $2.12 per share. Sidoti also issued estimates for MillerKnoll’s FY2028 earnings at $2.38 EPS.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. The business had revenue of $926.60 million during the quarter, compared to the consensus estimate of $941.95 million. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis.

Several other research analysts also recently commented on the company. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. William Blair assumed coverage on shares of MillerKnoll in a report on Tuesday, February 10th. They set an “outperform” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $14.46 on Monday. The stock’s 50-day simple moving average is $19.84 and its 200 day simple moving average is $18.06. The firm has a market capitalization of $986.90 million, a PE ratio of 103.29, a price-to-earnings-growth ratio of 0.64 and a beta of 1.31. The company has a quick ratio of 0.92, a current ratio of 1.64 and a debt-to-equity ratio of 0.96. MillerKnoll has a twelve month low of $13.77 and a twelve month high of $23.18.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Saturday, February 28th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, February 27th. MillerKnoll’s payout ratio is 535.71%.

Institutional Trading of MillerKnoll

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of MillerKnoll by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock worth $156,298,000 after acquiring an additional 623,035 shares during the period. Deprince Race & Zollo Inc. increased its position in MillerKnoll by 27.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock valued at $46,267,000 after purchasing an additional 541,638 shares during the period. SG Americas Securities LLC raised its holdings in MillerKnoll by 755.0% during the 4th quarter. SG Americas Securities LLC now owns 478,727 shares of the company’s stock worth $8,751,000 after purchasing an additional 422,735 shares during the last quarter. Wellington Management Group LLP raised its holdings in MillerKnoll by 46.4% during the 4th quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company’s stock worth $23,861,000 after purchasing an additional 413,531 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of MillerKnoll by 81.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 798,349 shares of the company’s stock worth $15,504,000 after purchasing an additional 358,886 shares during the period. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Company Profile

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.