News coverage about Herman Miller (NASDAQ:MLHR) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Herman Miller earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.3159270140647 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Herman Miller (MLHR) opened at $37.75 on Monday. The firm has a market capitalization of $2,252.54, a P/E ratio of 18.69 and a beta of 1.34. Herman Miller has a 52-week low of $28.55 and a 52-week high of $41.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.33 and a quick ratio of 0.89.
Herman Miller (NASDAQ:MLHR) last issued its quarterly earnings data on Wednesday, December 20th. The business services provider reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $604.60 million during the quarter, compared to analyst estimates of $603.77 million. Herman Miller had a return on equity of 21.85% and a net margin of 5.36%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. analysts anticipate that Herman Miller will post 2.35 EPS for the current fiscal year.
Several research firms recently commented on MLHR. ValuEngine raised Herman Miller from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut Herman Miller from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Zacks Investment Research cut Herman Miller from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Raymond James Financial raised Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Tuesday, December 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.67.
In related news, EVP Jeremy J. Hocking sold 2,442 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $40.40, for a total value of $98,656.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian C. Walker sold 90,003 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $36.27, for a total value of $3,264,408.81. Following the completion of the transaction, the chief executive officer now owns 226,389 shares of the company’s stock, valued at $8,211,129.03. The disclosure for this sale can be found here. Insiders sold 142,202 shares of company stock valued at $5,364,155 over the last quarter. 1.91% of the stock is currently owned by company insiders.
Herman Miller Company Profile
Herman Miller, Inc is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The Company’s segments include North American Furniture Solutions, which includes the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, across the United States and Canada; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America and Asia-Pacific geographic regions, among others; Specialty segment, which includes the design, manufacture and sale of furniture products and textiles, and Consumer segment, which includes the sale of modern design furnishings and accessories to third-party retail distributors.
Receive News & Ratings for Herman Miller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herman Miller and related companies with MarketBeat.com's FREE daily email newsletter.