MillerKnoll (NASDAQ:MLKN) Issues Q1 2027 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) issued an update on its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.330-0.390 for the period, compared to the consensus EPS estimate of 0.360. The company issued revenue guidance of $928.0 million-$968.0 million, compared to the consensus revenue estimate of $948.6 million. MillerKnoll also updated its FY 2027 guidance to 1.850-2.150 EPS.

Analysts Set New Price Targets

MLKN has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MillerKnoll in a research report on Friday, April 24th. Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

MillerKnoll Price Performance

Shares of NASDAQ MLKN traded up $1.18 during trading on Wednesday, hitting $17.24. The company had a trading volume of 1,135,390 shares, compared to its average volume of 749,411. The company has a market cap of $1.18 billion, a P/E ratio of 123.14, a PEG ratio of 0.66 and a beta of 1.41. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.64. The business’s 50-day moving average is $15.85 and its 200 day moving average is $17.71. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $23.18.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $973.87 million. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Equities research analysts predict that MillerKnoll will post 1.83 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Saturday, May 30th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.75 dividend on an annualized basis and a yield of 4.4%. MillerKnoll’s dividend payout ratio (DPR) is presently 535.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of MillerKnoll by 39.4% during the first quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock worth $373,000 after purchasing an additional 5,495 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of MillerKnoll by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock worth $775,000 after acquiring an additional 801 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of MillerKnoll by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company’s stock worth $3,788,000 after purchasing an additional 13,099 shares during the period. Jane Street Group LLC boosted its holdings in shares of MillerKnoll by 311.8% in the first quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock valued at $7,929,000 after buying an additional 313,684 shares during the period. Finally, Hsbc Holdings PLC lifted its position in MillerKnoll by 177.3% in the 2nd quarter. Hsbc Holdings PLC now owns 28,704 shares of the company’s stock valued at $553,000 after acquiring an additional 18,354 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

About MillerKnoll

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.